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Author Topic: UFPI another one to short LOL
stocktrader22
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I love this as a short candidate to at least $20ish area but think it will see $18...all moving averages are broken downwards http://finance.yahoo.com/q/ta?s=UFPI&t=1y&l=on&z=m&q=l&p=m100,m200,m10,m20,m5&a= &c=

GARBAGE GUIDANCE RECENTLY

should be an easy short here, revenue growth is over, earnings decrease YOY, nothing positive from the company's mouth...."Based on these factors, the Company has adjusted its annual targets for 2008 as follows: net sales of between $2.3 billion and $2.35 billion (from the previous target of $2.45 billion to $2.55 billion), and net earnings of between $12 million and $15 million (from $22 million to $27 million),"

Now look here: http://finance.yahoo.com/q/is?s=UFPI&annual
revenues down, earnings down YOY, doesnt look good to me they must be losing market share, not to mention a measly 20mill on 2.53 bill rev...ouch

http://finance.yahoo.com/q/cf?s=UFPI&annual

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Disclaimer: Not accountable for anything I say

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