INNOVATE Corp (VATE): Over-reaction to earnings miss today. As...

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Re: dc_350 post# 96

Thursday, 05/11/2023 1:40:39 PM

Thursday, May 11, 2023 1:40:39 PM

Over-reaction to earnings miss today. As they said on the conference call, a lot of the miss is timing issues related to the infrastructure business. They still have a huge backlog, and are generating better margins than in the past.

So I bought some more here under $2.00.

I think I'll be pretty happy with those down the road.

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