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SVU surges 16%!

posted Apr 30, 2012, 11:46 PM by Mohit Kumar
Today, has been a murderous day in general as stocks across nearly all sectors took a severe hit!

SVU, nevertheless managed to turn its fortune a bit, surging over 16% after providing promising guidance for the coming year. The company continues to battle with weak same-store sales and has some work to do before we see a more positive turnaround. We are currently sitting on a loss on SVU, but it looks on track to turn things around in future and we will keep a close eye on it!

With the market stumbling, some good buying opportunities are opening up. Stay tuned as we are likely to open a new position soon, if the market continues its downtrend!

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