Nothing new to report on SQBG, Tika1. Its getting sold off at the year end because a) its in the retail sector which has been shorted heavily this year and b) tax loss harvesting from longs. Reported adjusted y/y quarterly eps growth was disappointing in Q3, but the debt overhang of 600MM is what many may be focused on. The 9 mos YTD adjusted eps figures were much better, showing strong growth. The glass is half full or half empty depending upon your focus.
We'll see what happens going forward. I expect it to be limited to the upside until the debt refinance occurs during Q1 18 and we get a bit more clarity on FY 18 expectations. Technically, it probably needs to retest that 1.40 level again and hold for some other buyers to come in.
The stock is just below the range where there was a lot of insider buying after the last Q earnings report, so if you are contrarian and like to follow the insiders it might be a good entry point.
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