Sunday, October 11, 2009
A.O. Smith on deck for earnings Friday
In India, they are building a water heater plant in Bangalore.
The company reports earnings on the 16th.
In July AOS beat earnings and the stock traded up $3.46 to 39.
Look for a repeat of this on Friday, as Wall Street looks to this number as a green play on BRIC countries, and a play on a better housing market.
It's another company that will spatially separate those short this name from their money!
Look at the action in Flowserve-It's now over $100. Wait. Wasn't that advertised here? And touted to $100 here? And here?
It's the same here. AOS should be a good play on water going into earnings.
$45 by Friday.
And a nice profit on AOS may take the sting out that Wisconites are suffering after the shellacking the Badgers got by Ohio State!
Posted by Palmoni at 10:03 PM