Wednesday, July 6, 2011

CVI

I haven't talked about CVR Energy (CVI), so ...
  • Analyst opinions: four "Buys", one "Strong Buy".
  • 15 of 16 earnings estimates have been revised upwards.
  • YoY quarterly sales have increased from 24% min to 30.5% max over the last four quarters.
  • Positive earnings for all four quarters this year vs. two quarterly losses last year. Growth has been mixed but estimates are for a new level of earnings, which is why I wanted to have a position in CVI before the earnings announcement (Aug 3). EPS ranges: last year -$.016 to 0.49, this year 0.01 to 0.53, next two quarters $1.29 and $0.92. That's triple digit growth for four of six quarters.
  • P/E dropping from 30 to 9.

No comments:

Post a Comment