Posted On: 06/18/2015 10:30:01 AM
Post# of 23100
GDP 1.785 -0.195 -9.85 2,640,752
SunTrust Dismisses Worry About Goodrich's State -- Market Talk
1 hour 4 minutes ago - DJNF
9:22 EDT - Beaten-down oil-and-gas firm Goodrich (GDP) has been again taken to the woodshed this week, sliding 18% to put the month's skid at 28% as shares hit a 16-year low yesterday. SunTrust thinks the latest leg down is the result of "false rumors of financial distress...investor concern appears to be about solvency and liquidity." But between hedges, a potential divestiture and more than $100M it can tap, the investment bank contends "all of these issues are unfounded. However, we are taking a much-more-conservative approach to our 2016 activity" estimates on GDP. SunTrust drops its price target to $4 from $7; shares are inactive premarket after finishing yesterday at $1.98. (kevin.kingsbury@wsj.com; @kevinkingsbury)
(END) Dow Jones Newswires
June 18, 2015 09:22 ET (13:22 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
SunTrust Dismisses Worry About Goodrich's State -- Market Talk
1 hour 4 minutes ago - DJNF
9:22 EDT - Beaten-down oil-and-gas firm Goodrich (GDP) has been again taken to the woodshed this week, sliding 18% to put the month's skid at 28% as shares hit a 16-year low yesterday. SunTrust thinks the latest leg down is the result of "false rumors of financial distress...investor concern appears to be about solvency and liquidity." But between hedges, a potential divestiture and more than $100M it can tap, the investment bank contends "all of these issues are unfounded. However, we are taking a much-more-conservative approach to our 2016 activity" estimates on GDP. SunTrust drops its price target to $4 from $7; shares are inactive premarket after finishing yesterday at $1.98. (kevin.kingsbury@wsj.com; @kevinkingsbury)
(END) Dow Jones Newswires
June 18, 2015 09:22 ET (13:22 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
