As much as I hate to admit it, you are probably correct. I will continue to average in over time, as that always works best for me in the long run.
Citigroup’s Yaron Werber and team upped their price target on Gilead Sciences (GILD) to $139 from $111. They explain why:
Associated Press Friday Sept. 19
From our discussions with mgt, Gilead looks very optimistic about
FY15 and anticipates that hepC treatment volumes could be up substantially over FY14 rates globally. This will be driven by the availability of [Sofosbuvir/Ledipasvir, or] SOF/LDV that is easier to take, will be prescribed by more physicians with potentially 3x-4x more capacity, will reverse the ongoing warehousing that reached 50%-66% of patients in some clinics, and will be further supported by a global rollout (EU, Egypt, Japan). While investors are anxious that the hepC market will flatten out in FY15, we are much more optimistic and are raising ests substantially.
From the health insurance perspective, the average unit cost of treating Hepatitis C is likely to fall 35% after Oct 10th — However, even with the lower unit cost, overall Hepatitis C costs are likely to rise meaningfully, as utilization should increase substantially, creating a source of earnings pressure for the insurers, particularly in Q4. Sovaldi shouldn’t be as much of an EPS issue in 2015, as plans have presumably done a better job factoring the incremental costs into pricing…
We expect the recent stock/warrants buybacks to boost Q4 EPS substantially and future stock buybacks will drive appreciation…
We shall see. I have limit buys in for this stock, incrementally, down to 8.80. I doubt that it goes that low, but one never knows what the overall market could do. Currently long SWHC, GILD, XOM, TOT, AAPL and plan to buy SLW soon (precious metals, like gun stocks, are also oversold).
Good points you make. However, the time to buy is when nearly everyone is prognosticating that SHWC is "an absolute pile of junk". I think not. GLTY, nonetheless. I wish you well.
-Frieberg (will continue accumulating SWHC, and also may buy into RGR).
You have not "predicted" anything. Your posts are totally lame, and make no sense.
See you @ 200 + in 12-18 months. Have a nice life. You are now forever ignored.
We love you all. And, if you want to borrow MY shares to sell short...go ahead. BUT...you must promise to replace them down the road. ;-)
-Frieberg (currently long 700 shares)
Bravo and thanks to Obama Dept. of Homeland Security, FBI, and DOD are buying up all the ammo and powder. Why ? Not because they need it, but because they figure if one cannot get AMMO or reloading powder, one will be less inclined to buy another gun. I did a calculation a while back on the over 2 billion rounds (that is with a Capital B !) that DHS procured over the last year. It would take them about 17 or 18 years of constant 24/7 range practice to use it all up (and, range practice was the supposed excuse for DHS buying up that ammo in the first place). Tee hee.
I would not rule out large procurments of S&W handguns down the road, particularly by DHS even DOD. These high quality handguns are highly regarded; there is no rational reason that S&W cannot recapture a meaningful part of the military arsenal. Also, I think the "doom and gloom" on this company is being WAY, way overhyped by the anti-gun crowd (read: Obama bedfellows); the press is taking this and running with it, inducing many to panic sell the stock. See you @ 11 again soon.
Nothing Zacks does will change the demand for firearms. Buy all of the SWHC and RGR that you can afford, and put those shares away, and forget about them. SOLID stocks for long term appreciation in a violent world.
It is now selling at a price that assumes that nobody is left to ever buy firearms again !! An incredible deal @ 10 bucks !
See you @ 11 before we will ever see 9. The world is an incredibly UNSTABLE, unsafe place; demand for personal and home protection will NOT abate.
-Frieberg, long SWHC and NRA member for over 25 years.
GUNS will not go away. HANDGUNS, long guns, ammo, accessories...you name it. This stock is now in the BARGAIN BIN. ALL THIS nonsense talk about guns now being "off the radar" is simply hilarious. There are MORE handgunners than EVER out there. And, S&W is not stupid; it is doing a lot of fat dealing behind the scenes. See you MUCH HIGHER in a month.
I bought 2 days ago, and will continue buying. WAY, way oversold. GLTY
I am currently long 700 shares. I too think 150 is a reasonable target over the next several quarters. I will hold...GOLD MINE.
hmmm...i'd wait a bit. market will have to digest Sovaldi being mass produced by generic makers.
i am currently a holder, and delighted with its ascent up, but it can't go on in a straight line without some hiccups. glta