RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wall street projections 49-58Always amazed at how quickly the market forgets about this stuff. However, there have been a couple of recent downgrades and a couple of analysts have lowered their stock target price. Based on today's call, we may see more negative analyst activity in the near future.
I remain annoyed at senior management for suggesting, on today's analysts call, that they "would love to revisit" the Carrefour take-over bid someday (perhaps when unicorns once again roam freely in the meadow). A little too much executive ego and too little regard for shareholder interests on the call for my liking. They should have just "put a bullet" in the Carrefour deal and focused exclusively on other future plans to enhance shareholder value.
Nevertheless, ATD remains a solid holding based on valuation. For those that bought the dip, a decent return should be available as the market gets back to historic P/E multiples, thereby letting Hannasch out of the penalty box for his recent rogue activity. Please note, however, this SP recovery may not happen quickly enough to please many shareholders. This ain't no rocket ship.
JMHO
-GBG