Two problems for LIWA going forward. Copper prices have fallen on the perception that global demand (driven primarily by China) will be falling. That will hurt their top line and may also impact their bottom line if CGS is still high from prior purchases. Second is the earnings....based upon their forward guidance for net income, I would estimate that fd eps will be around 1.23 using a wtd avg of 29.25MM shares. Last year, they earned around 1.34, and have a TTM fd eps of 1.43 after Q1's results.
That implies a few quarters of subpar y/y eps growth even if they hit guidance. Is it any wonder why the stock is stalled at 9.00?
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