In the earning release the company said the full year will come in at the lower end of estimate . 3 days ago DLTR said the same thing and stock has dropped 10 points so far . Jim Cramer said the PE of 42 is too high so my guess is with the slower growth the stock should drop to around low $70.00 and may be attractive depending on the over all market condition . Any way, that will be my entry point
EW ready pre announced earning and took the stock down in a big way. Read the report again, the huge drop is overdone. The potential for Sapient is huge. Operations for the hearts is a must. To compare with AAPL is not logical. Do you need to buy a fancy iPhone or stay alive?? Compare with ISRG then it makes sense. ISRG is also a great stock to own.
Do not forget that baby boomers are growing older ..older...sadly.
When things are tough in tech, buy healthcare, food...
The bad thing is they lowered guidance on top of the miss for the Q just reported . If the outlook was not lowered then you could say it was a bump on the road but lowering guidance signals troubles ahead especially when Europe is weakening and with PE as high as 42 the stock is way over priced . I was also looking for an entry point in the $70.00 but now I am going to wait until next earning to see if they miss again or not . When growth slows it is time to get out . I bought AAPL 5 years ago and sold it last week as I thing the growth is slowing and cracks are showing and also the market has gone up for no reason , not on fundamentals