A warning Stocks that are traded relatively thinly and I wpould include ALA in this category are open to the machinations of Short traders who often have very deep pockets and long time horizons. Sometimes their shorts are paired with other longs and they just think another stock will go up faster than ALA for example.
So I have seen excellent earnings when they seem to exceed analysts expectations and still on earniongs announcement the stock drops.
Thi sconfuses and scarces the hell out of the small retail investor who in his confusion bails as well.
The large firm shorting the stock wait for the right moment, smile and buy back into a strong stock they know is going higher.
So whatever the result when earnings are announced be very careful about selling especially on a drop.
And if the earnings are in line with expectations or better and the stock takes a bump In my estimate unless it jumps right above $24, I would keep my whole position intact as this stock should exceed $24 this year if you are prepared to hold.
Some thing with no strong quarters the stock will languish until the late fall but that is not its history and announcements can come at any time about asset sales progress on the MVP etc. I will stay nearly fully loaded and take just a small percentag eof my ALA holdings to trade with. If there is a strong jump I may sell a few options to gather in further income while I wait for the next divident increase. IMO GL