Cheers, to initiate conversation, here are my thoughts...
HPY has been executing well and should continue to execute well for years to come. However, with YOY growth of 38% and a PE of 50, I believe the earnings need to catch up with the PE before the stock starts to move.
Yes, I do know all the reasons for the split. I will tell you that it was necessary and mutually beneficial. This occurred a long time ago and has no bearing on the future of this company. We should all be focusing on the 35% growth that was just reported, and the fact that this company is beginning to gain positive recognition outside of the industry.
By this time next year Heartland will be in most every fruitful growth fund in the country.
I am a firm believer in this company's leadership. Bob Carr, CEO is a man of integrity and a true visionary. This company is entirely home grown and continues to maintain standards well beyond that of it's competition. Just as the company continues to grow so will the value. I am a long-term holder of this stock which has found it's bottom at $22.00. I have a very realistic outlook of $30 by October.