Stock Alert: ROP, SCHN, WCC
by Harris Roen, Editor
Roen Financial Report
Tuesday, October 28, 2014
Today’s Alert:
Roper Industries, Inc (ROP)
Schnitzer Steel Industries (SCHN)
WESCO International, Inc (WCC)
Earnings releases create investor interest in these three alternative energy companies.
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| Revenues, profits and earnings come in flat for Roper Industries for the quarter, but are up year-over-year. The company raises its revenue projections for FY 2014. ROP is trading at an all-time high, up 21% for the year. We consider the stock to be Overvalued. | CNBC |
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| Earnings for recycling company Schnitzer Steel Industries beat analyst estimates, with revenues up 8% from the previous quarter. Despite this SCHN is down 26% for the year, and has dropped 68% from its highs in 2011. | Yahoo Finance |
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| WESCO International turns in a positive earnings report, with EPS jumping 18% from the previous quarter and revenues posting a record high. WCC gains 2% on large volume, but still remains down for the year. We consider this profitable stock to be at Fair Value. | PR Newswire |
IMPORTANT INFORMATION
Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article. It is also possible that individuals may own or control shares of one or more of the underlying securities contained in the Mutual Funds or Exchange Traded Funds mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.
Remember to always consult with your investment professional before making important financial decisions.
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