Aero has taken a huge hit recently due to the more challenging retail sector. Some key notes to consider: 1. ARO hit a high of $35 and has come down to $18. - this stock was $18 back in 2004 with lower earnings. 2. ARO had to revise earnings lower by a few pennies. 3. Prudential downgraded the company. 4. Yesterday 10/17... 2 upgrades in the premarket by Citigroup and Brean Murray. 5. The company is extremely oversold. 6. S&P500 retail index might be in the beginning stages of a reversal due to Friday's upbeat note on the retail sector. 7. Dow Jones retail index could also turn around as well. Using fibonacci retracement.. 38%, the stock should come back to $25. ARO's market cap is approx 1 billon and currently has revenues of 1 billion. Net profit was 320 million in 2004. Like they say, buy low on fear (now), and sell high later. GL, and this is my first post
dude ... hope you make alot of money ... me ... I won't touch this stock I remember a few yrs ago it trading under $10