Can Someone Explain?
I have owned shares in Kellwood Corp. (KWD) for about 10 years. Today the stock is up $1.28 or 4.1% to $32.53 per share. The only news I could find was the following:
"Kellwood Co. (KWD) said Friday its third-quarter income from continuing operations fell to $5.5 million, or 21 cents a share, from $7.9 million, or 29 cents, a year earlier.
Net income for the three months ended Oct. 28 fell to $8.1 million, or 31 cents a share, from $16.2 million, or 60 cents.
The average earnings estimate of five analysts surveyed by Thomson First Call was 64 cents.
The St. Louis apparel company said revenue fell to $516.4 million from $520 million."
I'm not complaining, mind you. I like to see my shares go up, but I am at a loss to understand why anyone is suddenly ready to pay 4% more for them today than yesterday. What am I missing?
...you can check out any time you like, but you can never leave...