Savvy Trades and Investments

[SSKILLZ1]

NOMD

Puked out NOMD at $15.86 pre market. The guidance flat out stunk where they significantly lower eps guidance. stock is still cheap, but have a hard time wanting to own something that just lowered eps significantly. Maybe I sold too low, but I want to see if this isn't a series of lowering eps at this point. I mean they kind of lower guidance last quarter going from $1.85-1.89 euros to $1.82-1.89. Maybe I should of paid more attention to that, but this drop down to $1.64-1.76 is a significant falloff in eps guidance. Hopefully they can hit that, but until I see stabilization and than growth in eps a 8 pe is warranted at this point, hence FV is around $15-16 which is why I just took my loss and moved on. Will buyback if they figure it out, but as of right now I'm avoiding it until I see some positive changes with the direction of the fundies of NOMD which right now the trend of where the number is clearly going is negative after this reduction in guidance. All is just my opinion, and I could always be wrong though.