RCKY Flat Line at $7

RCKY is oversold. It still has great current earnings, and P/E only 35 next year. Best of all, the reason why the earning will be done is they forced their competitor to chapter 11 then they will buy the competitor's locations. I think this cost increase is very reasonable.

I see a quick 20% return in a few weeks on this company at $7 range.

 

20% dead cat bounce. Hmmm, that's plausible. But don't stay at the party too "long".

 

http://www.profitquotes.com/commodities-quotes.mpl?a=detailed&ticker=rcky


i think your dead cat isn't going to bounce very high

 

at least to $10 within a year. maybe to $15.
this is a under book value, profitable stock.
check out KMA, that company was sold at 50% premium after I put a strong buy rating on it.

RCKY will be sold soon. Most likely by DECK.