Went through the results, aren’t impressive. Weak QoQ, EBITDA margins under pressure, YoY is good due to last to last quarters overperformance.
Let’s wait for management’s guidance.
Now, from here i expect two things can happen to this stock in the very near term.
- Stock tanks to a more reasonable bv/cmp and market decides to cut the premium book value and pe. By how much? We shall soon find out.
Retailers who bought this cheaply might start to booking profits due to exuberance in numbers, and since the overall market is falling due to election uncertainty.
- Stock goes sideways till the next cycle (or atleast a sign) of uptrend in core metrics start.
If anyone can do a side by side comparison with peers wrt the Q4 numbers that would be great help.