GREY:SNNVF - Post by User
Comment by
Benedictuson Feb 14, 2019 10:42am
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Post# 29363842
RE:RE:$10.00 TODAY
RE:RE:$10.00 TODAYthis is definitely the kind of NR that is what us longs have been waiting for! Having said that, I was not aware a company can release estimated revenues for a full year with no contracts/commitments, etc. So despite the very positive news, I still see an implicit asterisk in this release. Follow through sales orders being announced, showing Q1 is no fluke, will most certainly lead to the sp re-rating we've all been expecting (i.e. 8 - 10 in the near to mid term).
Also, the 55M US full year estimate suggests even the 11.5M sales orders collected for the first 4 months is "light" compared to an expected run rate of 13.75M per quarter for 2019. Q1 will be an absolute blowout and as long as continued sales orders are streaming in and the conf calls are confirming this trend, snn appears to be leaving the station! Hope I'm not speaking too soon, lord knows us longs have been pretty battered and bruised these last 8 months!
Chart wise if we can clear this 5.50 - 5.75 congestion zone, sp can run toward 7.50, which is a considerable wall.