Morningstar recently bumped their ERIC Fair Value Estimate from $7.50 to $8.50. But that tends to be a longer-term outlook whereas in the short-term Forward P/E is already pretty high at 25.6 and there's a lot of pressure on them from Chinese junkware vendors. Not sure I see $8.50 being something we'll see near-term.
Plus, I bought at $4.92 so I'm already at nearly a 50% gain and it's hard to believe I'm not tempting fate much beyond that point.
Submitted June 23, 2017 at 03:31AM by JLeeSaxon http://ift.tt/2tVzw64
No comments:
Post a Comment