Weird day. I had some good trades but some really didn't pan out. I didn't sell anything and I used a lot of cash like an idiot. Even though the market is high, I feel like I got some deals today.
Lvlt is a little painful but I will highlight my thoughts. The firm met EBITDA estimates but weaker revenues is scaring investors. The free cash flow was worst than expected but they cut capital expenditures greatly, helping them meet ebitda estimates. Management said they have significant amount of capital and will be fine through 2012. That was huge in my view. If they can start meeting revenue projections, thet will be okay in my view, as long as they cut costs. It offers a nice risk reward for a speculative play and I think it can go to 1.25 or maybe higher.
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Capitulation selling in LVLT today, I'm a buyer.
ReplyDeleteyou might be right, I wish we could have seen more volume tho, too close to call
ReplyDeleteI HAVE TO ADMIT RF, I LIKE YOUR TRADES. YOU REALLY PLAY SOLID PICKS, WITH NO FEAR, AND THINK THROUGH YOUR TRADES. I LIKE THE WAY YOU THINK DUDE. KEEP IT UP AND I WILL CONTINUE TO POST MY THOUGHTS, IDEAS, AND BUYS HERE (WHEN I GET TIME, VERY BUSY DURING DAY). I WILL ALSO CONTINUE TO E-MAIL YOU THE BUZZ ABOUT M&A STUFF I HEAR.
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