Yep, 13.1 at $94 and at FY16 EPS of $7.15 (my estimate). CHEAP! So, I have been buying, as I said.
I don't see a near term (through August) rally in SWKS regardless of the ER's today. I also don't see a significant pullback from here. The market is focused elsewhere during these off-season weeks/months for semi's. The buying season beginning in September will change sentiment, IMO. In the meantime, I continue to add shares below $100. I don't believe a ttm PE below 19 is at all sustainable for SWKS. At $94 it's 19.3.
Those ER's don't figure to be a positive catalyst at this point, IMO, toast...no matter how good they are.
Chill, man!! Don't panic. Be patient. SWKS growth will drive the pps up sooner...not later. In the meantime, buying more shares below $100 is how to maximize your returns.
Also, I know you're frustrated, but your comparisons between SWKS and other company's are really illogical. I mean, SWKS v. BWLD? 😀
Good luck longs!!
A level-headed well-thought-out opinion from Fidelity. That kind of opinion is a rarity on Wall Street.
Stay the course longs. Patience pays, and the REAL money is made by making the right investing decisions during times of uncertainty.
Thanks, as usual, cort.