Food for thought...
Does anyone know whether all of the previous TKO shareholder meetings have been held on Fridays? My experience is that most other companies tend to have theirs mid week to allow markets to adjust to information before a long weekend. Friday closing announcements, like maybe TKO's on the other hand, allow shareholders time to "think" and digest results, usually negative results, and prevent market over reactions.
The market will be looking for sustained or improved revenue results during the quarter. Unfortunately TKO doesn't communicate client successes to gauge possible business revenue flow, so it's anyone's guess at this point whether they're up or down.
I sold TKO at $3 a few weeks ago betting revenue would come in lower, and thinking I'd wait until the SP got down to the $2.70's AFTER THE ANNOUNCEMENT to buy back in. Unfortunately we are at $2.70 now... I'm temped to jump back in here Monday (again because I believe TKO's longer term outlook is good), but that scheduled Friday meeting bugs me. I'm thinking it doesn't bode well for "sustained or improved revenue results" and we may be going lower after 12/8.
Any other "signs" or "directional indicators" you guys perceive here to buy or "wait and see"? If I recall correctly, I saw Kennington on the IV thinks it's headed to around $2.50 because of the MA's. This weeks decline could also just be investor hesitation like I'm suffering from at the moment.
Have a nice weekend... too bad about Bo missing the big game tomorrow. He'll be there in spirit I'm sure!
