GREY:CNKEF - Post by User
Post by
backabockon Feb 16, 2017 10:42am
150 Views
Post# 25854739
IMHO EIA STEO shows that time is on our side.
IMHO EIA STEO shows that time is on our side.https://www.eia.gov/outlooks/steo/pdf/steo_full.pdf
I believe this is updated once per month.
I would look at Figure 9. At some point CKE will become efficiently priced. Typically with these kinds of stocks, neutral valuation only happens after the market moves against the widely held position. However, everything in the STEO report seems to demonstrate that time is on our side.
It looks likely we can get 2 or 3 quarterly reports in with improving commodity prices (or at least not regressing prices.) By that time, CKE's earnings should produce neutral valuation.
Still not sure why it is so undervalued now, other than people are lazy and fearful. But what do I know.