HAL: Undervalued by at Least 33%
This has brought me to a point where I must decide is it time to move on or do I exercise patience and wait to see if the worst is over?
A Better First Quarter
In its most recent quarter the company reported net income of $627 million or 68 cents per share for the quarter ending in March -- representing an increase of over 21%. Extracting out the $300 charge incurred from BP's(BP) 2010 oil spill, earnings would have arrived at 89 cents. Analysts had expected 85 cents a share. For the quarter, revenue arrived at $6.86 billion -- not only topping the $5.28 billion that it logged a year ago, but beating analysts' estimates of $6.80 billion.