MW is underpriced based on historical norms for the stock.
MW is under-priced based on historical norms for the stock. MW issued reduced guidance on December 4, and the stock price dropped to $28. That level was tested at the beginning of March, and MW is trending higher. Hopefully, MW actually did better than predicted--maybe even reports a profit. Either way, the downside risk is low. Based on earning $2.60 per share and continued sales and profit growth, the stock should trade over $30 after earnings and drift up to $40 as the valuation drifts closer to historical norms (PE 16). In fact, the whole stock market seems a bit under-priced considering the ultra-low interest rate environment.