Thanks for your comment but I don't read the 'Trash in Pail' , I much prefer the Post.
Secondly, my comments on CGI being fully valued were based upon no new info, if you knew history you would know that it's extremely unlikely that a firm can consistently at a rate over 20 % over a long period of time. At todays valuations, this 'blue sky' valuation is basing $78 for each $1 of earnings. This leaves no room for mistakes, which as we who invest in tech company's know are always right around the corner. I still hold some GIB, but I'd rather sit on the sidelines and cherry pick positions on downturns. We'll see who's right in the next yr. Also they say they're looking at making a US acquisition...at this stage in the market and with US valuations, that would make an acquisition very expensive indeed.
Lastly, re: Mr. Rybak, I still think I'll make out just fine on these guys, in fact I'll wager that I get better appreciation on ISD than GIB over next 12 months. Incidentally, the position with ISD is about .78% of my total portfolio so I think I can sleep alright, thanks for your concern. |
