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 Triple-S Management
So what: The stock is really trading higher today because the company reported that fourth-quarter revenue rose 33.5% to $565.4 million and earnings per share was $0.67. Both results easily topped estimates, and management said 2012 would see earnings per share of $2.32 to $2.38, above estimates.
Now what: Results were solid, but someone obviously got overzealous placing orders when the market opened. In lightly traded stocks like this, that sometimes happens to a mythical trader I like to call Fat Finger Freddy. Considering the very good results, I'm a little surprised shares haven't risen further. Shares trade at 10 times next year's estimated earnings, a great price for this stock right now.
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