Wednesday, February 13, 2008

Compass to profits

Compass Minerals, First Solar ... who is going to short companies that shred earnings estimates? CMP has already run from 46 to 53 in two days, but is worth watching on an eventual pullback. Ivanoff at Trading Goddess passed the info on.

In the past 10 minutes, CMP has gone from 52 to nearly 54. The float is just 31 million shares, P/E is 30, forward P/E is 18 and even before Q4 earnings, earnings and revenue growth were stellar. Looks like this could trade like a Potash or Spartan Motors. Potash is my No. 1 stock pick. Spartan ran huge last year before going ker-plunk. I'm watching CMP; it's too late to dip in at these lofty levels. When the momo cools off, definitely worth a closer look.

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