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Perrigo Company Public Limited Company Message Board

  • pnick47 pnick47 Feb 25, 2011 5:29 PM Flag

    Talk to me somebody!

    I took 50% off the table on Tuesday! Great day today! What is going on??

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    • Be careful...

      I also sold 50% of my holding at ~76. After a 200% increase it was the right thing for ME to do given my portfolio. Nothing has changed for me since I sold. I still have a significant amount of money invested in this great company and believe it is a great long term (3-5 year) investment - even at these levels for new investors. However, in the short term...I feel that I can make a better return in other investments where the stock price does not reflect the value of the enterprise. In the case of PRGO, unless they make a significant (accretive) acquisition that changes my EPS projections, I see that PRGO fully valued at $70-75 per share. While it may go higher in the near term (perhaps even 80 in the next 3 months), I will be satisfied with my decision and will only invest more when the stock price is a better value (in my opinion). Never chase a stock price...never a good idea...even worse on the last Friday of the month. Ask yourself, do you believe the earnings picture has changed (do to an acquisition or sales and/or margins above the expected range)...? Never look back on a sale...and never get emotionally attached to a stock. PRGO is a great company and I will continue to be an investor...make the right decision for you based on your overall portfolio and horizon.

92.46+0.94(+1.03%)Jul 22 4:02 PMEDT