Post by
InvestSmarter on Sep 15, 2024 12:06pm
More and More Talk about La Nina. Link.
Superior has a "normal" winter in its earnings growth forecasts, after last year being warmer than average.
However, La Nina is going to kick in the next few weeks which will bring below average cold weather. This is very positive for SPB and the market will likely recognize this over the next few months, providing a tailwind for the stock and earnings. Sentiment is about to change.
Big dividend payout coming this month as well.
https://weather.com/news/weather/news/2024-09-12-us-la-nina-watch-noaa-update-2024
Also, oil rig count went up, which is also bullish for SPB. Might be why we got a bit of a bump last week.
Would not be surprised to see $9+ in Q4 especially as rates drop and these high dividend stocks get bid up for their yield.
Good luck to all.
Comment by
Apaulson on Sep 15, 2024 12:36pm
I think we have a better chance of BBQ usage increasing ten fold.
Comment by
Rocet98 on Sep 16, 2024 9:53am
They need to get debt under control! This company has potential! BOD need to show that and start buying shares???