Altas Air Shows How Earnings' Turbulence Can Be Ticket to Profits
When a stock I own gets killed on disappointing earnings, I check if it still makes sense, and if so it's often a bargain, as appeared to be the case on Thursday when Atlas Air plunged.
What do you do when a stock you own gets killed on disappointing earnings? First, I get angry at the large dropThen I re-evaluate, using the newly revised guidance and other information, and see if the stock still makes senseIf so, it's often a tremendous bargain as others dump it indiscriminatelyThat appeared to be the case on Thursday when Atlas...
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