RE:Why the drop from $27 to $21?Another worrisome measurement
Funds From Operations
Q1 - 10.5 million
Q2 - 8.3 million
Also, Net Income was only 14 cents, less than 60 cents annualized.
Is this stock worth a 35 PE multiple with negative trends for EBITDA, cash flow and earnings?
For 15 to 16 months, up to the end of July, DCI was trading in a range between $23 and $28.
With the breakdown in early August, it could be establishing a new range bounded by $18 and $23.
Weekly chart looks very ugly heading into the "hurricane season" for the stock market - September / October.
Were the heavy sellers last week expecting bad news?