My target has been and still is $15 by March. That fairly prices next years expected earnings plus the dividend at a reasonable price. By then new information should be out regarding 2014 full year forecast and hints at beyond.
My 2014 year end target is 20. Again not enough information for me to realistically adjust it up from here. That gives us a p/e of 25 on .80 earnings (and includes the premium for the dividend (expect .35/share given their history and where they feel the company is going).
Any updates to their earnings forecasts will adjust my targets.
OK, that's the reasonable side of me. Deep down, I think 25-30 is possible by end of 2014. No matter what expect 66% upside from todays $12 price. Don't care if it gets there by March or next December.
Sorry Legal. was on the road. Seems the "out of town" curse has been broken. The MM. when I make a comment like that, I am watching the bid ask action and laughing at the 12.0008 trades for 100 shares. Due to the fact there are lets say 500 lots on the bid at 12.00 and only 50 lots on the ask at 12.01. the trades in between there are the MM attempting to drop the price a penny or keep it from running away from them.
Simply setting up for a new consolidation base point.... They have not yet taken out "fresh" stops. This will happen today as well.
I did read it. I saw there was no up or down. Simply commenting on their "ususal prowess" If you look at there string of up and downgrades, You can see a pattern for the year. They clearly have an agenda.
very possible. Well timed news (by news I mean positive talking heads) to end a strong week last week. Upgrades. Good consolidation. Still has a lot of momentum here.
The dividend is up nicely for the NCT spinoff. Right on track with what they said it would do. I expect the same here. Building a nice annual dividend base.
Hasch, this is an inane reason, yet true none the less. Lots of names from boards of winners I am on are showing up. Worth the spec risk...