Well, Karen, with CTEC's performance, you certainly could not be faulted for staying away....or for "holding your nose" and staying with your position. Fortunately, I got frightened out around 14. And having become a big believe in TA (thanks to a gal who goes by "E-Graphs" on SI), I started buying CTEC when there were indications of something going on. And, after all, how could we fall off the floor, so to speak?.. :-) CTEC's performance had stunk so bad, even our old-time thread devotees abandoned ship, and couldn't be lured back.
Now, I suspect something is in the wind. CTEC figures seem to track with your experience -- good performance in the POL, and an inability to achieve significant penetration in the pharmacy.
But it shouldn't take any spectacular achievement to get CTEC back on line. As I recall, they have proved capable of $.17/share on a quarterly basis (before all the horrendous deducts, and missteps). And Yahoo Research has been indicating a 50% growth rate over the next 5 years. Put that together. $.17/share quarterly is $.68 annually. With a projected growth rate of 50% ahead, surely the market will assign a PE of 30. $.68 X 30 = a share price of 20.
Well, I wouldn't want anyone to believe that I think CTEC will hit 20 anytime soon. But I do have a target of $15/share for next year.
And something between 60 and 150, five years out. But that's never-never land when we're playing around under five... So let's go for that 15 by next year! And more after that.
Cheers! And hope you soon won't have to think about "averaging down"
tso |
