Excellent Results. Sell on news.Stella Jones once again delivered excellent results. I am not sure what investors were expecting. Looking at all the analysts reports, they surpassed or equaled the EBITDA that was expected. Maybe 98 was a stretch, but anywhere between 90 and 95 is where they should be trading at. 15 times earnings is reasonable. Koppers reports tomorrow. Guaranteed their numbers will miss analysts expectations. Lets not forget, the markets are now in a downturn cause of interest rates. Once the markets pick up, so will Stella Jones. This just gives investors opportunities to purchase more shares.
My prediction is SJ will be over $100 Christmas day. The Fed will reduce interest rates by more than 1%. Good luck to all