Exactly. This is all that really matter because stocks move on what analysts do. Price targets went up because estimates went up. In the end, people put their money where estimates are rising.
Yes, I've been following TAN. Fantastic action. Great eft play along with IBB. I sent you an email.....no biggie, just updates.
Good points. Many good companies growth just through acquisition. Certainly has been a great company. You got a major move out of it......I wish I had had the cash available to buy it back a year or more ago. I can't complain though.....market has been good to us! I'll probably add it tomorrow.
Musk, good to see you again. I think you are correct. Probably an overeaction. I get intrinsic value at 208, a buy at 173 using the current numbers for 3 to 5 year projected(22.40) and eps est. of 8.07. Just for grins I assumed they lower growth rate from 22.40% to 16%.......I then get intrinsic value of 166.40 and a buy at 138.66
I understand what you are saying but you must consider the CFO resigning. Who knows what really happened. Things are also slowing and that rate of change is scaring investors.
The stink on a company can last longer than you think. It will be interesting to find out why the CFO really left. Secrecy isn't a good thing.
Yep, cold weather has always hurt DECK lol.......the girls buy them in the summer when it's hot!
Sentiment: Strong Buy
One thing to consider is that TSCO is overvalued currently. A great company but simply overvalued and ahead of itself. Intrinsic value is around 58, a sell was around 68 and a buy is around 48. This is using data previous to this latest CC. I will update my work once all analysts have finished updating theirs. They have already lowered the 5yr projected growth rate from 18.10% down to 17.38%. In general, still a great company despite bad guidance.
This morning the 3 to 5yr projected has been raised yet again.....now to 16.20%. Nice!
So far it FFIV is one of the biggest gainers in the market.
Sentiment: Strong Buy
So far since this morning they raised the 3 to 5 yr. projected growth rate from 14.20% up to 15.25%. They also raised next yrs. eps estimate from $5.84 up to $6.00. This means price targets go up. I will wait for even more analysts revisions but the trend is up!