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Heckmann (HEK -11.2%) plunges after a downgrade to Underperform from Neutral at Wedbush, which...

Heckmann (HEK -11.2%) plunges after a downgrade to Underperform from Neutral at Wedbush, which sees weaker than expected earnings based on recent channel checks. "Valuations for the peer group reflect this unfavorable backdrop, and we believe HEK shares are likely to follow suit as earnings and valuation expectations are reduced," the firm says.
Comments (6)
  • TFCAB
    , contributor
    Comments (1977) | Send Message
     
    Thanks for the Monday morning pick me up.........urgh. :(
    11 Feb 2013, 10:02 AM Reply Like
  • mwarden
    , contributor
    Comments (23) | Send Message
     
    sold a good chunk on friday on some lucky timing. these guys already had a $3 price target, so it's not like they've just changed their general take on HEK. something to be concerned about, but if you believe in HEK management, which i do, then this is also possibly a buying opportunity. personally, i'm looking to re-buy what i sold on friday.
    11 Feb 2013, 10:07 AM Reply Like
  • slcUTAH
    , contributor
    Comments (535) | Send Message
     
    I will wait for the bottom and buy more shares then sit on it for a long time.

     

    -Cheers.
    11 Feb 2013, 03:03 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1158) | Send Message
     
    I'm trying to figure out WHY they would state the above when (HEK) has great management vs SOOO many other companies. They are hooked into the boon of most of the Gas/Oil plays with the #1 thing all the drillers need that is the clean water & treatment of waste used water... not to mention a boost form the current admin retarded EPA mandates that attempt to put us back on Saudi Oil.

     

    M
    11 Feb 2013, 06:20 PM Reply Like
  • cstone
    , contributor
    Comments (30) | Send Message
     
    I gotta wonder if Wedbush has a sizeable short position and the recent rise the the stock was squeezing them. With friends like them, who needs enemies?
    11 Feb 2013, 10:01 PM Reply Like
  • jolacious
    , contributor
    Comments (91) | Send Message
     
    Obviously, I am disappointed with the downward spiral today. But, I have the utmost confidence in the management team. I really and truly believe, in a couple of years this stock, will be roaring like a hungry lion. Likewise MHR, with a Welsh American (Gary Evans) at the helm it is a real possibility. Long HEK and MHR. To my American Brethren, THE BEST OF BRITISH LUCK.
    11 Feb 2013, 10:07 PM Reply Like
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