Kelly, I agree with you that the price may come down, but I think it more likely to go up from here. There is no more rational basis to say that it should be in the single digits, the mid-teens or the early twenties, since it has no earnings to support any of those numbers. Once you get beyond that focus, and focus on the future, it seems underprice to me here, since earnings, via SUN, HDS, etc. are around the corner -- and Ancor has shown that it has the right stuff.
So, while hoping that we can talk it down the mid-teens might work ;), and both you and others might buy, you to get your initial position, and others to add, the price might not dip and, instead, take off. |
