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

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  • Feb 11th, 2018 11:47 am
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Feb 8th, 2018 11:47 am
SomeOtherDude [OP]
Deal Fanatic
Nov 23, 2008
6048 posts
2199 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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35 replies
Feb 8th, 2018 11:52 am
ksgill
Deal Fanatic
Mar 24, 2008
6223 posts
2653 upvotes
Toronto

Feb 8th, 2018 11:52 am

Summer is coming. :lol:
TFSA: XAW | RRSP: AOR | Non-reg: XUU + GICs
+5
Feb 8th, 2018 11:56 am
asa1973
Deal Addict
Jan 20, 2016
2028 posts
1012 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
Kramer55
Deal Addict
Jan 27, 2016
1486 posts
839 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
dollardaver
Jr. Member
Jun 2, 2012
157 posts
176 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
SomeOtherDude [OP]
Deal Fanatic
Nov 23, 2008
6048 posts
2199 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
Izzoshady
Deal Addict
Nov 30, 2006
2323 posts
148 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
Kramer55
Deal Addict
Jan 27, 2016
1486 posts
839 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
Cheapo-Findo
Deal Guru
User avatar
Mar 9, 2007
14796 posts
11036 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 1:36 pm
craftsman
Deal Expert
Jan 27, 2006
19789 posts
12892 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
SomeOtherDude [OP]
Deal Fanatic
Nov 23, 2008
6048 posts
2199 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
khkchan
Member
Dec 21, 2010
276 posts
189 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
lawonga
Sr. Member
Nov 25, 2009
611 posts
350 upvotes
Vancouver

Feb 8th, 2018 11:00 pm

Thinking if I should go in ..?
Feb 8th, 2018 11:06 pm
khkchan
Member
Dec 21, 2010
276 posts
189 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
jerryhung
Deal Expert
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Sep 19, 2004
25392 posts
7156 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
Sanyo
Deal Guru
Feb 9, 2009
12344 posts
11188 upvotes

Feb 9th, 2018 12:46 am

ksgill wrote: ↑ Summer is coming. :lol:
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
Frank2029
Sr. Member
Feb 17, 2012
649 posts
129 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
dollardaver
Jr. Member
Jun 2, 2012
157 posts
176 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
FUMONEY
Newbie
Sep 18, 2017
86 posts
89 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

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