Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Why Blount's Shares Dropped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of manufacturer Blount (NYSE: BLT  ) fell 10% today after the company released fourth-quarter earnings.

So what: The company reported revenue of $229.6 million, which was down 3% from a year ago. The company had quarterly net income of $9 million, or $0.18 per share, which was down $0.01 from a year ago and below the $0.23 estimate from analysts.  

Now what: Both North America and Europe saw slowing demand because of economic uncertainty, according to management. But revenue is expected to pick up slightly in 2013, to revenue of $930 million to $980 million, up from $927.6 million last year. With shares trading at 17 times earnings, and profit on the decline, I'll sit out this discount and wait for higher profits or a much lower stock price to get into this stock.

Interested in more info on Blount? Add it to your watchlist by clicking here.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2300798, ~/Articles/ArticleHandler.aspx, 3/28/2015 11:22:22 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...