AJRD Q2 Earnings - Fundamentals 1, Forces of Magickal Postmodernity 0

Posted by Minerva on Jul 28, 2020 5:10:11 PM

Shocker.  Fundamentals Do Matter.  Momentarily.

Aerojet Rocketdyne delivered a very strong Q2 report after the close last night.  This was off the back of the stock being handed a severe drubbing in recent weeks.  (See our AJRD Q2 Earnings Preview for details).  The stock closed up 16% today - a result, it seems, of old-fashioned things like growth in backlog, revenue, earnings and cashflow.  A victory for reason over sentiment, stimulus and the various other horsemen riding to end the Enlightenment. 

Below we walk you through our take on the quarter.

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Topics: Public Posts, Earnings, Aerojet Rocketdyne (AJRD)

Aerojet Rocketdyne Q2 Earnings Preview

Posted by Minerva on Jul 16, 2020 11:06:48 PM

Backlog Up Bigly, Stock Down Biggerly.

Aerojet Rocketdyne (AJRD) stock has taken a drubbing of late.  Down some 16% since the start of the year, despite a very strong start for the name in Q1, we confess to being rather puzzled as to this state of affairs.  The company is inexpensively valued on fundamentals, has a large and growing backlog including a recent monster NASA contract, and is geared to a number of key growth themes across space and defense.  Here we consider how Q2 numbers could play out.

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Topics: Public Posts, Earnings, Aerojet Rocketdyne (AJRD)