written by reader Canyon Services Earnings

By frantek, October 26, 2011

On Canyon’s October corporate update, they are showing expected earnings of $1.35 for 2011 and $2.00 for 2012. YTD earnings are .48 for Q1 and (.11) for Q2 for a six month total of .37. This means that the total for last two quarters should be .98 or averaging about 50 cents. 2012 will also average about 50 cents per quarter. It seems that this stock should pop when the earnings are announced on November 7th. I picked up some additional shares last week at $11. Just wanted to get your thoughts?


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