Cycle Trading

[JLS]

Re ENLK,

I would have no interest in trading ENLK.

The chart looks OK but I always look at financials, and in this case I find that they have missed all of their last four quarterly earnings forecasts by large percentages. Their best miss was by 250%.

I'm sure the company gives guidance at all their earnings conferences, and when they give such poor guidance that the earnings estimates are seemingly always too high (particularly by high percentages), that tells me that they don't understand their own business. For that reason ENLK won't be on my list of interesting companies.