My PE thesis agrees with this, svs. $92.25 would put the ttm PE (non-GAAP) at 21.15. This is the low end of the PE range SWKS has seen over the past three quarters. We shall see.
I bought today at $95.77 as the long term buyer and holder I am. And, yes, I would advise others to do the same.
I will also say, anyone who would describe Swks as a "pump" is beyond help as a potential stock picker. So, please move along junior.
My investing moves over the years have been VERY bold, with little attention paid to the conservative views of analysts. I have not, and do not, "diversify" my portfolio. THAT is how I have built my account balance well into seven-digits territory. Mistakes have been made, but it has only taken a couple "all-in" five-baggers to get here. It's not for everyone, but that's my investing style.
LOL...oh boy. C'mon toast!! You're starting to sound like Lilly. All worries, no optimism. I mean, where's the $20 oil and $.80 Eur/Dollar many of the analyst were calling for 60 days ago? Oh yeah, and where's the Fed rate hike? I'll tell you where...only in the minds of those analysts.
Go long. Be patient. Stop listening to all the fly by night analyst opinions.
Having said all that, I'll bet you are hoping for a re-entry point after selling 80%.
I came by that algorithm through a very complex and sophisticated means...observation. 😎
Also, beware of PE expansion which could soon invalidate my 24-PE strategy...or, algorithm, as you call it, cindyjrosa.
PE expansion is likely, IMO also.
Btw, I use the non-GAAP numbers since that's how the company reports.
Current ttm EPS $4.36
Current ttm PE @ $98.29 = 22.54
Ttm PE range last few quarters is 21-27 (expanded from 25 in FYQ2)
Implied pps range between now and July earnings...$91.56 -$117.72
102.77/2.9 = PE 35.44 (GAAP)...actuals using ATH pps and ttm GAAP EPS through FYQ1
Assuming your current ttm GAAP EPS is correct at $3.34, then:
3.34 * 35.44 = $118.36 is the estimated high pps some time before earnings in July...not $116.90.
Cindy...I humbly accept the gold for that prediction. I'd,like to thank the academy first of all. 😀. Seriously, I appreciate the shout out.
I will continue to track my PE thesis in the coming quarters. 😎
Btw, as long as you insist on using the analysts' estimates as the driver of your analysis, you will be behind the curve as they have been. Listen to the company for better clarity. "clear path" to $7 does NOT mean in 3 or 4 years from when they first stated this in November 2014.