Buys SAVE at 34.88
- Reports Q3 (Sep) earnings of $1.35 per share, $0.03 better than the Capital IQ Consensus of $1.32; revenues rose 10.6% year/year to $574.8 mln vs the $571.84 mln Capital IQ Consensus.
- Adjusted pre-tax margin for the third quarter 2015 increased 560 basis points to 26.9 percent. On a GAAP basis, pre-tax margin for the third quarter 2015 increased 760 basis points to 26.9 percent.
Courtesy of Briefing.com
Trailing earnings on SAVE are 4.14. That gives us a P/E of 8.3. Definitely in the area that makes me a buyer.
On my prior buy on SAVE at 43.00 I sold half at at 44.50 and got stopped out on the rest for a 31 cent lose.
My target here is 44.50.
Support is at 32.90 and I will add there if needed.