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Yeah great day for AEY! New 52-week

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hweb2 Member Level  Wednesday, 09/11/19 12:20:33 PM
Re: MrT11 post# 64625
Post # of 64873 
Yeah great day for AEY! New 52-week high, cracking the $2 barrier, and on strong volume. All of these could spur further upside.

I've been taking some profits today though. Stock has had a big run from the $1.20's & $1.30's a few months ago. And I didn't think the earnings report last month was all that. Huge revenue increase as expected with the acquisition. But the bottom line stunk. Fulton reported impressive growth, but gross margins only 10%? Yikes. And that was a seasonally stronger quarter for them too. Wasn't expecting too much in the way of earnings, but those pitiful margins were a bit of a surprise to me. And makes me wonder if they'll ever post decent quarterly EPS.

AEY has more favorable comps on the way, even though we've got a long wait for the fiscal Q4 report in December. I'd be a buyer again if it dropped back to the $1.70's or below. As the eye-popping top line increases will likely spark another run.

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