Friday, June 23, 2017

ERIC - Fully valued in the near term?

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

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