Follow-Up on Community Health Systems

Last month, I tweeted:

$CYH is looking very attractive here at $20. Earnings due out on Feb 21. $$

So far, I’m looking pretty smart. CYH is Community Health Systems. At the time, the stock was at $19.85.

The earnings report I mentioned turned out to be good. Community Health earned 85 cents per share, two cents more than estimates.

The stock did very well after the earnings report. Last week, CYH got as high as $25.74. It pulled back today and closed at $23.30. That’s 6.5 times this year’s earnings estimate.

Posted by on March 6th, 2012 at 4:48 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: