Monday, December 10, 2007

PCR Update

This is from Zacks ROE Strategy, they posted today.

Perini Corp. (PCR) and its subsidiaries offer general contracting, construction management, and design-build services to private clients and public agencies worldwide. This is an excellent pick to round out our list of ROE heavy-weights with a reading of 32.4. The analyst community has been very bullish on the company lately, with three of four covering analysts raising current-quarter projections within the last 30 days. The consensus estimate has risen accordingly, growing by 13 cents to its current level of 73. Perini reported a great quarter on Nov 8, with net income jumping to $24 million from $9.6 million in the same quarter last year. The company boosted its full-year profit and revenue targets. Perini now expects profit of $3.30 to $3.45 per share on revenue between $4.4 billion and $4.6 billion. To round out the rosy outlook is Perini's price to sales ratio, which comes in at .35

If PCR closes below its 200dma, I am going to sell, this stock has been acting very poorly during this rally.

Posted by prudentstockinvestor M.D. at 10:24 AM

1 comment:

Mike said...

PCR has been an abolutely garbage stock of late. Bought it recently and thankfully sold it for about a 5% loss.

Much better plays out there (e.g SDTH)

December 15, 2007 at 6:57 AM

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About Me: Disclaimer

$BPCOMP

$BPCOMP
Extremely Oversold

Regarding Chart: BPCOMQ

This is the lowest close seen in years, usually a sharp and violent rally follows these moves enhanced by short covering, this is no time to short and start making a shopping list.

Bear-ly Hangin" In dustrials

Bear-ly Hangin" In dustrials
Dow Graph: 11/20/07
The Dow looks like its fighting for its life here at the level. It's no surprise there was a vicious bounce off the trend line as shown in the chart. Unfortunately, the last time we had that five hundred point reversal day was caused by the Fed stepping in, there has to be a similar event that helps the market or there is more pain ahead. The Fed minutes said nothing the market really liked, we sold off hard and bounced back hard as we hit support. This was just a reflex rally we may have to get one more really painful selloff to get around 12500.