Triumph Group Bombs

In the CWS Market Review from December 27, I listed some of the finalists for this year’s Buy List. One of them was Triumph Group ($TGI), which is a maker of aerospace parts.

I’m glad we didn’t choose Triumph Group because it just bombed earnings. Earnings for Q4 came in 24 cents below expectations ($0.99 versus $1.23). Triumph also lowered this year’s guidance from $5.25 per share to $4.75 per share. The stock has been down as much as 19% today.

Triumph Group is a well-run company and I suspect they’ll come back. This is one to keep an eye on.

Posted by on January 29th, 2014 at 12:21 pm

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