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re: More carnage in the stock market on Monday?
Posted on 2/5/18 at 10:55 am to YoungManOldMan
Posted on 2/5/18 at 10:55 am to YoungManOldMan
quote:
KEM. This thing has sank like a rock
There were two things that may have spooked investors in the CC. The first was the issue of capacity. Kemet was operating at capacity and couldn't meet demand. They said they were planning an additional $20m for capital expenditures to expand capacity. Some probably took that to mean competition issues as well. The second was regarding their margins. The CEO said they expected a small drop in margins in the next quarter, but to rebound after.
The above caused the sell-off. Today it's just tanking with everything else.
Posted on 2/5/18 at 10:57 am to Jyrdis
I went ahead and bought 25% more shares to average down my position. We going all in.
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