Habe zwei Käufe getätigt. Den ersten zu 1,30 vor 10 Tagen, den zweiten heute zu 1,65.
Warum? Ist halt auch son Zock, der noch Luft nach oben haben könnte bis 4 Dollar.
Wenn CBS und der Bellwetherreport sich immerhin TWR annehmen, dann ist das ein positives Zeichen. Aber auch negative Stimmen zu TWR, darf man nicht unterschlagen.
Will mal bis zu den nächsten Quartalszahlen in einem Vierteljahr halten.
Gruss E.
bigcharts.marketwatch.com/charts/...9207&mocktick=1&rand=2211"
bigcharts.marketwatch.com/charts/...=567&mocktick=1&rand=9884"
SAN FRANCISCO (CBS.MW) -- Shares of Tower Automotive rose as much as 11 percent Friday one day after the auto-parts maker narrowed its third-quarter loss and met analysts' lowered targets.
Novi, Mich.-based Tower Automotive (TWR: news, chart, profile) saw its shares close up 2 cents, or 1.4 percent, at $1.49 after touching an intraday high of $1.63.
They remain well below a 52-week high of $7.59.
On Thursday, the company said that it had a loss of $20.2 million, or 35 cents a share, in the third quarter, narrower than the loss of $105.9 million, or $1.87 per share, registered a year ago.
Excluding special items, the loss came in at 41 cents a share. Analysts polled by Thomson First Call had expected a quarterly loss of 41 cents, on average.
Tower also reported a rise in third-quarter revenue to $722 million, up about 16 percent from $623 million a year ago.
Earlier this month, the company forecast a loss of 39 cents to 43 cents a share for the latest quarter, wider than both its previous estimate calling for a loss of 18 cents to 22 cents and analysts' average of 20 cents.
Auto-parts suppliers, as a group, have been pinched by rising steel costs and pressures to keep prices low from their large automaker customers, which have had to cope with mounting inventory and production cuts.
For the fourth quarter, Tower said it expects to report a loss in a range of 10 cents a share to breakeven on sales of between $830 million and $855 million.
Analysts had pegged breakeven results on $819 million in sales for the fourth quarter.
"We expect the combination of falling launch costs, efficiency gains and accelerating organic revenue growth to lead to improved earnings in the fourth quarter," said CEO Kathleen Ligocki.
Cautious analysts
Meanwhile, Standard & Poor's said Friday that it has placed Tower's debt, which carries a "B+" rating, on CreditWatch with negative implications, leaving open the possibility of a downgrade.
"Ratings will be lowered if it appears that the timing for improving earnings and cash flow generation and strengthening credit protection measures will be substantially delayed," wrote S&P analysts.
Regarding Tower's stock, Joseph Amaturo of Calyon Securities reiterated his "neutral" rating with a price target of $2.
"We urge investors not to commit any new money to the equity," he said. "The prospects for this company to survive on a stand-alone basis remain doubtful, in our opinion."
Tenneco Automotive war mein bester Turnarounddeal in 2003, vielleicht klappts mit Tower Automotive in 2005 wieder so gut.
Gruss E.
Warum? Ist halt auch son Zock, der noch Luft nach oben haben könnte bis 4 Dollar.
Wenn CBS und der Bellwetherreport sich immerhin TWR annehmen, dann ist das ein positives Zeichen. Aber auch negative Stimmen zu TWR, darf man nicht unterschlagen.
Will mal bis zu den nächsten Quartalszahlen in einem Vierteljahr halten.
Gruss E.
SAN FRANCISCO (CBS.MW) -- Shares of Tower Automotive rose as much as 11 percent Friday one day after the auto-parts maker narrowed its third-quarter loss and met analysts' lowered targets.
Novi, Mich.-based Tower Automotive (TWR: news, chart, profile) saw its shares close up 2 cents, or 1.4 percent, at $1.49 after touching an intraday high of $1.63.
They remain well below a 52-week high of $7.59.
On Thursday, the company said that it had a loss of $20.2 million, or 35 cents a share, in the third quarter, narrower than the loss of $105.9 million, or $1.87 per share, registered a year ago.
Excluding special items, the loss came in at 41 cents a share. Analysts polled by Thomson First Call had expected a quarterly loss of 41 cents, on average.
Tower also reported a rise in third-quarter revenue to $722 million, up about 16 percent from $623 million a year ago.
Earlier this month, the company forecast a loss of 39 cents to 43 cents a share for the latest quarter, wider than both its previous estimate calling for a loss of 18 cents to 22 cents and analysts' average of 20 cents.
Auto-parts suppliers, as a group, have been pinched by rising steel costs and pressures to keep prices low from their large automaker customers, which have had to cope with mounting inventory and production cuts.
For the fourth quarter, Tower said it expects to report a loss in a range of 10 cents a share to breakeven on sales of between $830 million and $855 million.
Analysts had pegged breakeven results on $819 million in sales for the fourth quarter.
"We expect the combination of falling launch costs, efficiency gains and accelerating organic revenue growth to lead to improved earnings in the fourth quarter," said CEO Kathleen Ligocki.
Cautious analysts
Meanwhile, Standard & Poor's said Friday that it has placed Tower's debt, which carries a "B+" rating, on CreditWatch with negative implications, leaving open the possibility of a downgrade.
"Ratings will be lowered if it appears that the timing for improving earnings and cash flow generation and strengthening credit protection measures will be substantially delayed," wrote S&P analysts.
Regarding Tower's stock, Joseph Amaturo of Calyon Securities reiterated his "neutral" rating with a price target of $2.
"We urge investors not to commit any new money to the equity," he said. "The prospects for this company to survive on a stand-alone basis remain doubtful, in our opinion."
Tenneco Automotive war mein bester Turnarounddeal in 2003, vielleicht klappts mit Tower Automotive in 2005 wieder so gut.
Gruss E.
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