Update: Fuchs Petrolub Earnings-Cuts Guidance, Stock Falls Sharply, But Is Still No Bargain
Early Retiree • Fri, Aug. 1
- In today's Q2 earnings report Fuchs Petrolub has cut 2014 guidance, causing the stock to fall sharply in early trading.
- In my November 2013 article I had anticipated that Fuchs would not continue on its past strong growth trajectory and concluded that the stock was fairly valued.
- Preference shares traded at roughly today's price back then, which I still think is far from bargain level.