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Best Buy Co., Inc. Message Board

scottbwest2000 1 post  |  Last Activity: Dec 16, 2014 11:55 AM Member since: Aug 21, 2006
  • Reply to

    PWR's valuation

    by dlhild Dec 15, 2014 1:20 PM
    scottbwest2000 scottbwest2000 Dec 16, 2014 11:55 AM Flag

    All the O&G service sector stocks are down, etc. At some point soon, a lower PWR stock price will be a compelling buy for me. Oil could go as low as $40, which will absolutely shut in or delay a number of projects. Followed by a rapid rebound (those gas guzzlers are flying out of the showrooms this Christmas season!)

    So we're back above $70 no later than the end of 2015 and projects start becoming feasible again in 2016.

    If you trade PWR, then you take a powder and move on for a year or so. If you invest long term, then you like their prospects even more at these lower prices. Putting in a buy order at $24.

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