As I've been arguing continuously, this is one of the best stocks to be in right now. I don't like to make predictions about just how well stocks are going to do or when, but unless management sabotages this company it's hard to imagine this stock going anywhere but up.
$30? Definitely, but it's hard to say when. The world economy is still anemic and the orders aren't going to come pouring in over night. General Cable is poised to take full advantage when the US, and world, economies start their comeback. We're not there yet.
I think what we're seeing in this company is investors positioning themselves for that comeback and that will have its limits until supported by earnings, but the way I see it, this is a great investment whether it continues shooting upward from here or it's a long, gradual climb. I wouldn't be surprised if we see this stock double a year from now. We shall see, but it's still one of the very best stocks to invest in right now.