Savvy Trades and Investments

[hweb2]

I've been buying & selling SGMA this morning. Apparently it hit $10(!) in the wee hours of premarket trading. Momo traders could def take it higher, but I think this one settles back down next week.

As impressive as Q4 earnings were, they did sound cautious on the supply chain issues hitting almost every company. Plus the Wagz acquisition is a sizable amount of dilution. So that alone knocks earnings down from the .30's to .20's. And probably worse as Wagz appears to have minimal revenues and is likely losing money. Plus I remember SGMA used to do some weird accounting trick at yearend that boosted Q4 earnings. Would have to dig through old posts, but I recall shorting SGMA years ago because of it. Hopefully not the case this year, need to see the 10K.