I was looking to a better response to pre announcement. The.decent volume wuth little.upward movement when put into our model shows a 50 percent chance of dropping.to at.least $26. Bad market macro news could send.to $23
I am going to disagree, They get closer to a 10x multiplier plus cash. Earnings st $2.15 gives us closer to a $30 price. It will all come.to guidance. Based on therlir history I am not overly optimistic on wallace's performance
Not to be overly negative but I think we may see this dip below $25 over the next week or so. Analysis of trading patterns with current volume indicate the could end up dipping into mid $24s by end of next week.
So now is probably a could time to accumulate some money and look to buy mid next week as projection is for a $29 price by second week of October