I agree, however, it was evident alot of folks didn't take profits along the way, like me. Having bought at 53, I had an order to sell half AH Friday. Did not get filled, and suffered today. But I agree with everything that Cramer reiterated today on his show. Drones and future apps, like home door cameras. Just wait until they announce a deal with a big builder. With institutional under 50%, I bet they were buying all day long.
Lets see how HIL does in the coming qtrs. with the 25M cost reduction program. Todays stock reaction looks like analysts liked what they heard. 25M/year is roughly .50 in eps. Add .25 in eps from operations and you get .75 for earnings. 7.50 - 10 could be not that far off.
Co. beat on revs, also announced a cost cutting program that could save the company 25M annually, or around . .50 in eps. I'm sure it will be talked about in the call tomorrow, it is potentially big news and would force analysts to raise estimates going forward. I'm sure this is news to DC as well, so I would expect a higher offer as well.
Price target of 100, citing the same thing analysts and the company have been stating for at least the last 6 months. The text of the upgrade to buy is on the summary page. MAR also was mentioned this afternoon by Melissa Lee on CNBC, commenting on the MKM upgrade, as well as MAR stock price underperfrmance for the year thus far. I hope everyone got a chance last week to buy in the upper 70's, as it fell to Cramers golden buy point of stocks being 8-10% max from its highs, with company performance remaining intact(specifically 20% growth for MAR). GLTA