Canada goose blows out earnings and stock tanks 15%+ !?

Feb 8th, 2018 11:47 am

#1

SomeOtherDude [OP]: Deal Fanatic; Nov 23, 2008; 5053 posts; 1641 upvotes

Feb 8th, 2018 11:47 am

Canada goose blows out earnings and stock tanks 15%+ !?

can someone explain this to me please?
Everything was positive.... as positive as could ever be in their outlook and report.

This is bizzarre....

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Feb 8th, 2018 11:52 am

#2

ksgill: Deal Fanatic; Mar 24, 2008; 6053 posts; 2305 upvotes; Toronto

Feb 8th, 2018 11:52 am

Summer is coming.

Illegitimi non carborundum

+5

Feb 8th, 2018 11:56 am

#3

asa1973: Deal Addict; Jan 20, 2016; 2028 posts; 1010 upvotes; Houston, TX

Feb 8th, 2018 11:56 am

SomeOtherDude wrote: ↑ can someone explain this to me please?
Everything was positive.... as positive as could ever be in their outlook and report.

This is bizzarre....

Red is new black (c)
Because it's 2018! This is new reality - those going deep in debt or having no profit go higher, those making it and even more goes down...

And yes, summer is coming

Make the face great again

+1

Feb 8th, 2018 12:07 pm

#4

Kramer55: Deal Addict; Jan 27, 2016; 1486 posts; 837 upvotes; Edmonton

Feb 8th, 2018 12:07 pm

I believe stock has been running, those earnings were priced in. Most stocks work this way, nothing really shocking

+1

Feb 8th, 2018 12:11 pm

#5

dollardaver: Jr. Member; Jun 2, 2012; 146 posts; 160 upvotes; Maple Ridge

Feb 8th, 2018 12:11 pm

SomeOtherDude wrote: ↑ can someone explain this to me please?
Everything was positive.... as positive as could ever be in their outlook and report. This is bizzarre....

I may be wrong, but I think the reason is that they provided no guidance regarding future sales expectations. Recent numbers look good, but what do they forecast in the year ahead?

+2

Feb 8th, 2018 12:15 pm

#6

SomeOtherDude [OP]: Deal Fanatic; Nov 23, 2008; 5053 posts; 1641 upvotes

Feb 8th, 2018 12:15 pm

loopy1984 wrote: ↑ I believe stock has been running, those earnings were priced in. Most stocks work this way, nothing really shocking

Then could you give me more common examples of a stock tanking 15% after it exceeded expectations by double digits?

Feb 8th, 2018 12:49 pm

#7

Izzoshady: Deal Addict; Nov 30, 2006; 2278 posts; 123 upvotes

Feb 8th, 2018 12:49 pm

The market works in weird ways. Take a look at Twitter's first earnings beat ever.

If you believe in GOOS, then just stick with the company/stock. You wouldn't be wise to rely on one earnings report to base a decision on a long term investment.

Feb 8th, 2018 1:00 pm

#8

Kramer55: Deal Addict; Jan 27, 2016; 1486 posts; 837 upvotes; Edmonton

Feb 8th, 2018 1:00 pm

Dow is down 500 points and your asking why Canada goose is down.

+7

Feb 8th, 2018 1:06 pm

#9

Cheapo-Findo: Deal Guru; Mar 9, 2007; 14014 posts; 9094 upvotes; Think of the Childre…

Feb 8th, 2018 1:06 pm

It's a bloody mess on the market!!!!!!! That's why!!!

WOULD SOMEBODY THINK OF THE CHILDREN!!!

Feb 8th, 2018 1:08 pm

#10

Jeenyus1: Deal Fanatic; Oct 9, 2008; 5681 posts; 2235 upvotes; Thornhill

Feb 8th, 2018 1:08 pm

loopy1984 wrote: ↑ Dow is down 500 points and your asking why Canada goose is down.

Feb 8th, 2018 1:36 pm

#11

craftsman: Deal Expert; Jan 27, 2006; 17247 posts; 10015 upvotes; Vancouver, BC

Feb 8th, 2018 1:36 pm

Izzoshady wrote: ↑The market works in weird ways. Take a look at Twitter's first earnings beat ever.

If you believe in GOOS, then just stick with the company/stock. You wouldn't be wise to rely on one earnings report to base a decision on a long term investment.

loopy1984 wrote: ↑Dow is down 500 points and your asking why Canada goose is down.

Cheapo-Findo wrote: ↑ It's a bloody mess on the market!!!!!!! That's why!!!

Exactly!

It's an issue of limited funds... Many investors are caught needing funds due to margin calls and general cash flow issues at this point due to the level of declines we have been seeing throughout the market place. GOOS was one of the few stocks that haven't been touched (in fact has gone UP) during the last few days. As such, it became a source of funds to cover margins AND to buy beaten down stocks so the GOOS was sold. I suspect that GOOS will rebound once the market gets it head screwed back on.

Feb 8th, 2018 1:47 pm

#12

SomeOtherDude [OP]: Deal Fanatic; Nov 23, 2008; 5053 posts; 1641 upvotes

Feb 8th, 2018 1:47 pm

loopy1984 wrote: ↑ Dow is down 500 points and your asking why Canada goose is down.

I ask because 15%+ drop is abnormal, even on a down day.
Not many stocks will drop that much in a single given day unless there's bad news (and in fact, there was extremely positive news)
Sure, the Dow is down 500, i.e. less than 2%, so what?

Feb 8th, 2018 8:56 pm

#13

khkchan: Member; Dec 21, 2010; 238 posts; 154 upvotes

Feb 8th, 2018 8:56 pm

SomeOtherDude wrote: ↑ I ask because 15%+ drop is abnormal, even on a down day.
Not many stocks will drop that much in a single given day unless there's bad news (and in fact, there was extremely positive news)
Sure, the Dow is down 500, i.e. less than 2%, so what?

Back in year 2000 all big tech stocks, (like QCOM, MSFT, CSCO) went up and down 30% in one day (remember QCOM went up from 560 to 730 in a matter of an afternoon) then came crashing real hard. 15% is normal in volatile days.

Feb 8th, 2018 11:00 pm

#14

lawonga: Sr. Member; Nov 25, 2009; 528 posts; 310 upvotes; Vancouver

Feb 8th, 2018 11:00 pm

Thinking if I should go in ..?

Feb 8th, 2018 11:06 pm

#15

khkchan: Member; Dec 21, 2010; 238 posts; 154 upvotes

Feb 8th, 2018 11:06 pm

I think the market maker will make it like a real crash. That means 20% from all time high. Dow will be like 21300. I would try to go in at about 22000.

Feb 9th, 2018 12:18 am

#16

jerryhung: Deal Expert; Sep 19, 2004; 24258 posts; 5938 upvotes; where I belong

Feb 9th, 2018 12:18 am

Every ER season I ask myself why the market does NOT make sense, but I give up. It always moves OPPOSITE of your expectation or holdings and many traders (I'm not) simply do NOT play ER's

Good ER can mean RED days for DAYS (LRCX $218 -> $160 today, etc...) , or pop like forever (NFLX, AMZN), or pop and fade (AMD pop to $13 and now $11.x, FB to $190+ and now $170's)

I thought about shorting GOOS at $38 USD, wished I did
but I bought long today at $33 (too early still)

Just be glad it's not iRobot IRBT -33% today or Expedia (-25% after-hours)
but it sucks to miss out SNAP +40% or TWTR (it went to $35 and then faded to $30's)

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Feb 9th, 2018 12:46 am

#17

Sanyo: Deal Guru; Feb 9, 2009; 11301 posts; 9797 upvotes

Feb 9th, 2018 12:46 am

ksgill wrote: ↑ Summer is coming.

LOL but does Canada Goose not have summer gear? If so..there's the next big growth for them. Track pants, shorts, etc.

Feb 9th, 2018 6:03 am

#18

Frank2029: Sr. Member; Feb 17, 2012; 648 posts; 127 upvotes; Toronto

Feb 9th, 2018 6:03 am

Happens every ER. Everyone cashing in profits and will rebuy at a lower price point.

Look at AMD. 3 earnings in a row. MU, NTNX, all game changing companies and they tank on ER's

Feb 9th, 2018 6:41 am

#19

dollardaver: Jr. Member; Jun 2, 2012; 146 posts; 160 upvotes; Maple Ridge

Feb 9th, 2018 6:41 am

"On Wed. the stock price collapsed; however, prior to the selloff, at the beginning of the month, several management executives were sellers in the market.
Chief Financial Officer John Black exercised his options and sold the corresponding number of shares (30,000) at an average price per shares of $43.8397, eliminating his portfolio's position.
Kara MacKillop, Senior Vice-President- Human Resources, exercised her options and sold the corresponding number of shares (40,000) at an average price per share of $43.838, leaving 15,000 shares in her account.
Ana Mihaljevic, Senior Vice-President- Planning and Sales Operations, exercised her options and sold the corresponding number of shares (14,444) at an average price per share of $43.9553, eliminating her portfolio's position.
Pat Jacob, Vice-President – Information Technology, exercised his options and sold the corresponding number of shares (43,000), eliminating his account's holdings."
(Source: Globeinvestor)

+1

Feb 9th, 2018 6:57 am

#20

FUMONEY: Newbie; Sep 18, 2017; 84 posts; 86 upvotes

Feb 9th, 2018 6:57 am

I hate Canada Goose jackets. Idiots spending $1000 on a jacket and a new iPhone X in the pocket while making minimum payments on their credit cards and never even opening a TFSA. But time to look online at leasing a new BMW and booking a trip to the Caribbean using their line of credit.

+4