Cemtrex Inc (CETX)

[OBrien]

Q1 CETX had a 5% net margin, Q2 it was 4% so I'm thinking more in the lines of .10-.12 on roughly 21Mil Revenue. I'm pretty concerned they could even earn a bit less than this with the Periscope acquisition.
IMO it may take a quarter or so for profitability to stabilize. For these reasons I will likely wait until earnings before buying back.
Dont take me wrong, I am very bullish on this company but with the big run it has had I feel more comfortable waiting on earnings....That said, If this breaks down and falls back to the $4s before earnings I may jump back in.

I could absolutely be dead wrong and they could post .20 EPS and go to $8!!