We will see about that. I have had the stock since september of 1999 at $31.00. Stock has been lagging for the past year. Tens of best analysts gave Strong Buy rating to the stock, but the stock went and still going south. Do you really believe what everyone says.
I guess a person's perspective all depends on where they got in.
My investment club bought at 34 - 36 (80X earnings - I withheld my vote). I got in at 24 and then doubled down at 19 after it went down further. I can't remember the exact dates, but it was within the last year.
So I'm feeling pretty smart on this one, although there are some I own that I feel pretty dumb on.
I plan on selling half in the near future, just for the sake of diversification, as I feel a bit overloaded here, but I plan on hanging on to the rest for a long time.
I just think this is a company that seems to have a dominant position in the industry and a good future. The P/E is under 50 now, although it won't be when it hits 30, unless it hits 30 after next earnings.
I hope you make a good choice in decision to buy or hold.