In today’s briefing:
- Energy Cable #50: Oil Back in Fashion
- Culp, Inc. – Introducing Updated Model; FY24 Estimates Unchanged
Energy Cable #50: Oil Back in Fashion
- Welcome to this week’s Energy Cable.
- We finally got stopped out of our crude oil trade at the beginning of last week, only to see crude rally at the end of the week on the back of the FOMC meeting and again today due to the supply chain.
- We also entered a long in utilities as advertised last week and we are already enjoying a healthy plus, also as a consequence of the FOMC.
Culp, Inc. – Introducing Updated Model; FY24 Estimates Unchanged
- After inputting data from the Culp 2QFY24 Form 10Q filing, FY24 estimates are unchanged. We moderated FY25 and FY26 revenue and profit expectations.
- This note incorporates that filing and introduces our reformatted earnings model. We hope the revised model and reformatting will be easier to read and understand.
- As is our custom, our working excel models are available to our readers on request.
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