Did get in, only 400 shares. Up a bit now like 2.5%. Think there is some excellent upside here for this leader.
Sentiment: Strong Buy
Great points, and a very nice move today. I did not get in yet. Looking at analyst estimates it shows 2016 being about a 20% increase if you believe the estimates. Applying a simple 20 multiple on that you get a valuation of $135.80. Given HAR is a leader and will likely have opportunities to expand and collaborate that could push 2016 higher, then this should be fairly solid. Would say simple calc shows it 11% undervalue. Have not done any DCF analysis. Was looking at maybe doing selling some puts, but think I might miss the runup if I did.
What are thoughts on upcoming earnings. Last earnings was not good and stock is down 20% from the highs. HAR is still the leader and you buy leaders. Looking at 2016 YE (June) analysts estimates show EPS of 6.79. Doable? If so, then this is only priced at 17.4 x next years earnings, which seems quite cheap for a growth area with a company leader in the industry. Curious what others thoughts are. Was looking to jump in, but stock seems to continue to have weakness even on strong market days.
Cramers says...."This is why Cramer instead recommended looking for industries with little competition, or where capacity is being reduced. Those are the groups with safe growth.
A few stocks that Cramer suggested are biotechs such as Regeneron and United Therapeutics, Target, WhiteWave, Hain Celestial, Harman International and Cramer-fave Netflix.
But the Yahoo headline reads...Cramer: Bail out now on this groupat CNBC(Wed, May 20)
lol, some due diligence regarding not misrepresenting the headline versus what is actually in the content would be nice.
true, but when they stop selling this thing rocks. someone is accumulating. low float, easy to bring it down while big sellers are involved.
this is such nonsense to sell off this much. its a low float stock being pushed around. almost 6 bil in revs, $7 in cash, 15-20% growth. I guess without a buyback program going on, its just going to fall to the 200 day. c'mon management, support the stock.
When was the last time you had a $900 day? Had my first one last week thanks to Ultimate Stock Alerts (they are in Google, do a search)
you will never get it in the 80's. look at today's comeback! from 119 all the way back to 133. that doesn't look like anyone believes this shortfall was anything but fx.
I guess Harmon falls into retail sector more than auto sector, where the Christmas quarter will be good and the rest a bit slower. bought more this am at 121. i like it long term. maybe they'll be more upbeat on the conf call.