JLG
JLG
Financials
Pinned straw:
Big overreaction here I think when it dived below $6
Didn't think of adding more at the time as was distracted by work
CAT Revenue was a bit volatile.
EPS could have been the main negative as it went backward.
S&P consensus. Everyone was expecting 10cps versus 8.5cps Actual
Checking the call transcript, there is a bit of delay from government of dealing with CAT events but JLG expects some of the work to come in the second half
[held]
Forgot to mention that Scott said costs getting the US biz up and running for Allstate slightly contributed to the earnings miss.
Also slight increase in dividend to 4.7 cps from 4.6cps so they must be still positive on outlook.
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