DDR has never failed to bounce hard on earnings and we have been told repeatedly that there are many orders previously delayed that will settle in the 4th quarter, so the expectation is for a great 4th qtr result and full year result. The NZ acquisition has also been a good performer based on the last release so we just need to be patient for the annual result which comes in the 2nd week of Feb usually and the share price should bounce quickly back up to the $15-$16 range, with sellers all but disappearing and the bulls taking over once again. With almost a decade of strong double digit growth in earnings and dividends DDR is now establishing significant scale and strength and from being a minnow is now a good sized growth highly profitable company that will continue to attract the attention of more investors and potential suitors
DDR Price at posting:
$13.26 Sentiment: Buy Disclosure: Held
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