Cody Acree Stock Quotations

Nobody who owns the stock for a long-term investment is going to sell over a $60 million miss

I think it was a strong quarter but given the level of movement in the stock over the last few weeks expectations had gotten to a point where more upside was likely anticipated both for this quarter and for the forecast.

Their earnings are in line with expectations for this quarter and the next, but there was no upside and the stock was priced for some degree of upside.

It's not out of the realm of possibility that the second-quarter numbers could be strong enough to support the stock at a higher valuation, ... If you keep raising estimates, you probably could keep expanding the multiple.

The numbers were fine. The stock had done extremely well. When you have that kind of a move, it builds in a certain kind of optimism that may be realistic or may not be.