Drop
LightInTheBox (LITB)
from Cabot China and Emerging Markets Report, recommended as a WATCH in the August 2013 Investment Digest.
LITB did NOT react well to the company’s earnings report as the company missed analysts’ projections on broth revenues and forecasts. The stock dropped like a stone immediately after and it’s falling still. That’s a clear signal that it’s time to take LITB off our watch list. DROP.
Paul Goodwin, Cabot China & Emerging Markets Report, www.cabot.net, 978-745-5532, August 22, 2013