guliamo

Best and Worst Performing Stocks on Earnings

As a WFR shareholder i must say this is comforting news. These guys have been beaten up bad and my research has led me to the conclusion that there is no reason to sell. Investors soured on WFR because it wasn't able to handle the huge influx of business it's receiving.. get it? the stock is cut down because there is too much business!
Now if this were a high flying company with a high P/E, it would make sense to figure they won't be able to grow as fast as was expected, but WFR has a P/E of 16..
This is more proof that wall street institutions have simply lost touch with the street. I used to have respect for these guys but it's become so technical, you can't see the company from all the shenanigans they try to pull.
I for one am happy wall street bankers are loosing their jobs and going to jail.. they robbed us blind and left our tax dollars to clean up their mess - they need to do time.