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Beam, Inc. Message Board

  • runatab runatab Aug 15, 2012 11:41 AM Flag

    great buying op

    however if this closes below 100 day moving avg we made need a double makers mark manhattan tonight

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    • $56 would be my target. Looks to be the point where this last move higher began, and would complete a rounded top. 56 also gets you retesting the 200 SMA. 58 will retest the 200 EMA. I had orders out from a month or so ago to hit at 56 and 58 if we got there (check my post history if you wish). Looks like they might hit.


      Good luck. It's a solid long term play, I just think it got a little ahead of itself. If the growth rate continues, the underlying earnings power will more than justify the price up here. But currently, mid 50's seems more reasonable. Still a "bargain" compared to 2-3 or 3-5 years out though, especially if they pick up another brand or two along the way. Let the div's compound (although they're not bank breakers) and keep researching.


      Also waiting on solid pullbacks in DEO and SAM to add.

 

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