Been watching for awhile. Haven't ever owned PG directly. Quite the quandary here. Is it worth a PE Ratio of 3 X its growth rate? Probably not. But, is it worth a 3.3% yield that represents a dividend that constantly grows. Probably is.
Even in a higher interest rate environment it might back down somewhat, but not much due to the then increasing yield. Certainly a better hold than most utilities that have slower dividend and EPS growth rates.....and PG has less government interference.
OK to buy here IMHO.
Many numbers in that press release to digest. The "tone" certainly seemed favorable. Not sure how all the numbers compare with analyst's expectations. Do you have any thoughts on any specific items that were released?
ASCO is the annual symposium for cancer and oncology presentations. Always held in Chicago from approx late May - early June (Friday - Tuesday) and is widely followed by biotech analysts. Numerous biotech companies involved in cancer research present data regarding their pipelines. Just google ASCO and that will lead to press releases.
CLVS is 3% of my portfolio. That's why I'm willing to hold through this weekend's revelations, "weather" they are positive or negative. Not a great deal at risk and a $19 per share profit 'cushion' to play with.
No purchase. Decided to wait. I see some of their presentations are later in the day on Monday. Enough irons in the fire for this weekend.
Well, we all have to decide whether or not to hold CLVS until Monday. Revelations at ASCO may have a significant affect on the stock price come next Monday.
I'm in @ $79 with a mid sized position and have decided to stick with it and see how things pan out. There are many other biotechs out there with no earnings (just a pipeline like CLVS) that are trading at several XX the market value of CLVS.
Time for CLVS to step up and show what they have. Good fortune to all longs.
Kel...............also holding ARIA, CELG, and GILD
My stepson is a foreman for a construction compnay. They can't find good help. Hiring ex-cons, people with multiple DWIs, others with suspended driver's licenses. Scraping the bottom of the barrel for help. In their case, all their work is multi family, no single family homes.
This is in the NE Wisconsin, Green Bay - Appleton area. Signs everywhere with other businesses looking for help too.
Out at 32.92 for a small gain. Bought some CHK @ 14.25 average.......been in and out of CHK many times this year with good success.
If you look at a long term chart for GGN......you can see that it is capable of moving $1.50 - 2.00 over a several month period of time. Just need energy and PMs both to uptrend at the same time, especially precious metals.
Into SPXU @ 32.74.......S&P 500 @ 2121.......working its way higher today on low volume (looks tired). Greece's potential default looming. Short leash trade. Just my opinion as always.