bear market smashing stocks ala ugl unjustly

this market wont accept anything less than meeting expectation!

pure bear market behaviour

been through this b4

Look at UGL today

good report despite problems they had with a cple of issues (contracts/tenders) and lower operating cash-flows partly as a result

Overall though there was 20-40% growth in every stat

Revenue way up

EPS 20%+ as per usual

EBIT way up

order book massive and way up

they say that theyre very confident in meeting forecasts of 15-20% growth

15% growth = 92cents per share

*** the stock price is now $10.90, so that means the stocks trading at a forward multiple of 11.85!

For such a massive company with such a good earnings track record over 5 years and great growth consistently acheived each yr, id have to say the markets been a little too harsh!

15-20% growth and the management upbeat in outlook and it gets smashed 25%??

if anything the outlook and managment comments re future were very bullish throughout

with such a good historic earnings profile and proven management, youd have to think that its very good value???

the market is ferrocious at the moment, so youd better pray that any stocks you hold which have highish expectations better come in on forecasts with no hiccups!

What are ppls thoughts on the markets smashing of UGL??

This company wss over $20 at one stage of the bull!

any thoughts??

its already retraced below the 50% fib level

oversold?? or typical bear mkt re-action??

looks pretty damn good value