I don't see how the Asseco connection would be a drag on price, bc if anything will drive this it's the earnings not the ownership. Interestingly, that, my broker Morgan Stanley, list GWRE and PEGA as competitors, both of which, sell at higher pe's. If we can get pe expansion, and I would expect that in a year if they keep increasing %'s as they have, than the price appreciation will be more rapid. I am looking for mid 30's in 3-5 years.
I don't see them getting bought, unless the parent company, Asseco, wants to increae their ownership percentage. They now own a little more than 51%. Asseco has grown via acqs to become the 5th largest software company and as long as SPNS continues like this I can't see any way possible Asseco would sell them. The bigger they get the better for Asseco.
I own 4 stocks and this is far and away my biggest holding probably 40% of my total holdings. And have owned for 15 years or so. The last two years, especially, they are starting to hit full stride. They are now making over 15% net, that's an incredible number and it appears sustainable. To me this stock triples in the next 3-5 years.
I don't see the St Jude thing as that big a deal, I believe ABMD has just too big a jump on any possible competition but we'll see
Not a prob with the tangent. I just think people will be shocked at how turned off most Americans are by the media and all the politicians. I know I am. All of them from NYT to FOX to MSNBC to CNN. They all the same all spewing the #$%$ for their particular sliver of the population. There is no news any more it's just what they spew to their particular fan base. And as to politicians, there is a reason over 50% ex-officeholders now are in DC as opposed to less than 10% years ago, and it's so they can feather their own nests. And imho lower taxes ain't going to happen especially with HRC. The only solution to all this is government funding of elections and getting all the personal, corporate and union money out of election financing. I love that we keep electing people who have never run a business in their lives, just become President and you can learn on the job.
I have been a long, long time ABMD holder, since 95 and even though I love the idea of 140 buy out I think it will be w/o a buy out w/i a year by itself.
And don't be so sure T will lose. I am thinking he wins. HRC couldn't inspire any one living. Latinos and Blacks will not turn out for her or the Dems like they did for O and the Dems lost tons of seats, in both houses. so don't count anything yet.
You bring up some great points, one of which is making the hard decisions about closing DD's. It is Mike Balmuths' pet project and he is still on the board. I just wish someone would call them out on it. I will listen to the cc on this one and see.
As to TJX vs ROST, I own them both and have done so for years. Any one would be hard pressed to have owned better performing stocks over the past 15 years.
As to management being important in retail, agree, but management is the most important part of any business, I want every stock I own to have outstanding management which is why I only own five stocks. Finding good management is the key and it's tough to find.
ROST always guides low, why they guide at all, is a good question. They owe the analysts' noting as far as I am concerned and just playing Wall St's game. With all of them "coloring" their #'s. All bs.
ROST while they seem similar and everyone thinks they are similar to TJX is really a very different company. They should and need to get rid of DD's. Notice how they never break out those #'s. Just as TJX got rid of Wright stores DD's needs to go. ROST can focus on ROST. TJX has many focuses and is trying to be many things. ROST just needs to be ROST.
ROST has another 5=6 years of growth, at the very least, until they fill the US with stores. This Q doesn't mean squat. Forget the analysts and there numbers buy on all dips. This is a long time keeper and will average 15-20
% returns/ There merchandise people know there customers and there retails.
TJX comp numbers were better bc of HG which ROST doesn't have but TJX has EU and currency issues. Both are the now retailers and will only benefit as Macy, Dillards, and Target and Dillards all go away. People do not want regular inline, re-order to stock level apparel, the concept is dying as Sears and Penneys know too well.
Don't let the volume fool you, It scared the bejezz out of me, a year or so ago, and was the reason, I unloaded Othinking I had a ton of shares and wouldn't be able to sell them w/o any volume) sold almost 70% of my position all the way down to the bottom at $6.30. It doesn't mean squat, have since built up my stake to double anything else in my portfolio. They are killing it, when the rest of the world discovers it the pe expansion will be huge. DO NOT PANIC their is great strength here. There are executing beautifully. The divi is mainly for Israeli and a strictly culture thing Isreali's for whatever reasons love divis, and certainly the Gov does with it's 25%. It's not all the unworthly as the Gov does a lot of sponsoring on tech upstarts there.
ROST has been guiding conservatively as long as I can remember and I have been a stock holder since
1998. Just go back to any Q you want and you'll see they always beat bc they guide low. But it seems as if everyone has finally caught on and as you can see after the initial lower price, with post market yday, it is higher now and will open higher. If it goes through posts new highs today, next stop is $62,
If the next Q is as strong as the last 2 Q's than $15. And I am expecting it to double, to $30, within the next 2-3 years.