Textura’s Current “Tale Of The Tape” Reflects Its Manifold Operational And Managerial Woes

Textura-NW-Low-12-09-15While I generally put little to no faith in auto-generated press content, i.e., those driven by algorithms — I do watch them. They appear regularly on the wires, as to Textura and other small-cap NASDAQ issuers, and give a sense of the larger narrative. The math here looks accurate to me.

To be sure, accurate reporting of longer term price movements does reflect “crowd learning” on any given stock. And the last time Textura was trading in this trench pattern, it was May of 2014 — almost a year and three quarters ago. So — at historic lows, based on operating deterioration, primarily.

Here is the salient bit of that “auto-botgenerated content I mentioned at the top:

…Textura has lost 9.12% during the past week (through December 6, 2015) and dropped 26.61% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 9.19%. Textura Corporation (NYSE:TXTR) has underperformed the index by 26.34% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Textura Corporation has dropped 14.96% during the last 3-month period . Year-to-Date the stock performance stands at -23.36%.The company shares have dropped -21.00% from its 1 Year high price. On Jun 1, 2015, the shares registered one year high at $31.23 and the one year low was seen on Dec 4, 2015….

Do be very careful trading at these levels — an M&A buyout might come, but additional erosion is highly likely, once year end results are announced. It would seem unlikely that Textura will have an upside operational surprise in any near term scenario. This is soleley my opinion — do your own diligence.

Even so, it would be foolish, in my opinion, to buy in on the hopes that someone will roll the whole company up, in an M&A move — even with NorthWater Capital, a very large (at about 18 per cent of outstandings) long term institutional holder advocating for just that same outcome, here. You’ve been warned.

Credit Suisse (after having seen a CFO presentation in Scottsdale) has kept the near term target at only $24 — and that’s only slightly above today’s NASDAQ trading. That should tell you something. Something not encouraging — from a truly independent source.

 

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