Paul,
I owned SCRA for a couple of months about 18 months ago, unfortunately selling it for a quick profit and missing the huge move up to 44.
I've recently repurchased half of the position I had then, and think I should try to hold it long-term, to see if it returns to 44 someday, or surpasses it. (When I bought it the first time, the target was 30/share, which was obviously surpassed by almost 50%, before the huge correction).
There's another stock that I think may be a good value, though I haven't yet bought any. That's KAMNA. I wish I had bought some at 13 a few weeks ago, though 15 3/4 doesn't look bad either. I think their earnings in the past year included extraordinary gains, so their P/E is probably really around 12. They have a 2.60% yield. It's surprising that there's a billion-dollar aircraft company that most people have never heard of. I think it's possible that it will eventually be bought out, as there has been so much consolidation in that industry. |
