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MTDR coverage by SN
Posted: Mon May 05, 2014 11:47 am
by jb2257
I noticed today that SN has reduced their estimates on MTDR and have a target of $24.00 vs. your target of $29.00. They report tomorrow, and I'm wondering if i should hold it. Here's the link:
https://stifel2.bluematrix.com/docs/pdf ... ddfdfa.pdf
Any comments?
Re: MTDR coverage by SN
Posted: Mon May 05, 2014 12:07 pm
by dan_s
MTDR will report Q1 results tomorrow. My Fair Value Estimate is $29 until I see more info.
If you have a large gain in it you may want to sell to harvest that gain. Right now it looks like there is more upside in the other Sweet 16 stocks.
Re: MTDR coverage by SN
Posted: Mon May 05, 2014 12:21 pm
by jb2257
I appreciate your reply. You never know how these stocks react to the earnings.
Re: MTDR coverage by SN
Posted: Mon May 05, 2014 12:27 pm
by dan_s
I just read the Stifel report on MTDR and noticed that their revised forecast is almost identical to mine, which I sent out on April 10. Their analyst that covers MTDR does get my stuff. He must be reading it.