Thats the way I read it too, I did a review of my analysis of TGR this morning and noted the only concern I had was that FCF IV was difficult to calculate this year because of the impact of the acquisition and increased CapEx.
I always do a bit of writing in my decision journal before making a move in the market and after jotting those notes down but also noting that fair value had increased on all other metrics and the clear and obvious misreading of yesterdays announcement, I committed to adding to my holdings. Only got half what I wanted at $3.53 before the market woke up and they recovered!
TGR Price at posting:
$3.60 Sentiment: Hold Disclosure: Held
