I agree that these stocks are getting way too frothy. The only thing I can think of is that water is the new oil? A multiple of 27 for a utility stock is crazy...
The ECB bond buying program will help stabilize Europe. The dollar has been weakening since the last RPM report. My price target for RPM in 2015 is $55, and I think they do that pretty easily….
Anyone with a longer term time frame will just buy and hold. The weakness today provides a good buy opportunity for longer term holders.
The more KORS earns the further their stock declines. It has been one strange stock since their IPO….
A struggling Europe and stronger dollar certainly provides some headwinds for RPM in 2015. I trust management took into account the worst case scenarios in guiding down for fiscal 2015 and 2016.
Everyone has their own time horizon and financial goals. I would just like to reap 10% stock appreciation and reinvest dividends for the next 10 years or more. Therefore, buying the stock at $45 yesterday, then all the stock needs to do is trade up to $50 in 2015, and I will be satisfied.
I believe with the asbestos lawsuit behind them, and with lower oil prices, the management team will be able to navigate the headwinds of Europe and a stronger dollar. I could be wrong and the stock could tank this year. But, this company has a long track record, and an excellent balance sheet.
Web traffic was more than 10% higher...
I have several friend show have died from this disease and others who are sick with it. I hope this drug gets approved, and finds its way to market quickly...