Savvy Trades and Investments

[larrybaz]

HDSN - The market didn't seem overly impressed with the results. I ended up selling half of my holdings before the market closed today. I'm hoping that ends up being a bad move.

I thought the conference call was pretty positive. I'm definitely not clear regarding what's going on with their taxes. Supposedly there was a tax benefit this quarter of $11.6M. If you add that to the income tax expense they're showing for this quarter, that equates to a 40 percent tax rate. Doesn't seem to make sense. Maybe someone can chime in on this.

Here was the CEO's response on the call when he was asked a question regarding the company's over $290M revenue target for the year:

I would say, historically, any of the estimates that we provide are always tended to be on the conservative side, intended to try and just reflect status quo. Obviously, we're focused on growing relationships, particularly the strategic relationships we've talked about, and we'll continue to do that. Some of those relationships will be public, some will not. But typically, any forward-looking information we provide, we would tend to do so in a very conservative way.