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CNBC Bonus Bucks Trivia: In June 5’s “Web Extra: Suspicious Stock” which Fast Money trader wanted to share his/her investment doubts?
William A. Trent (June 9th, 2008) Writes:
In June 5’s “Web Extra: Suspicious Stock” which Fast Money trader wanted to share his/her investment doubts?
We ran out of time on TV but Guy Adami wants you to know about this stock. In Thursday’s Web Extra find out what happened that’s making him suspicious.
The stock in question was Nucor (NUE), and Adami felt that the company’s guidance increase may signal an acquisition. Nucor shows up in the models I follow for having a particularly high accrual ratio, which is often a signal of poor earnings quality. It also has strong price momentum, which can be both a blessing and a curse for investors.
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