Great..
Come back to this thread, only to find out the WIND guru [all respects intended] bailed on WIND last April..the same time I bought into WIND. Now, having shed 2/3 of my WIND holdings last month, Mr. Benn returns, appearing more bullish than ever. Apparently, my timing sucks.
However, this is not the same WIND I invested in last year when 40% revenue growth and EPS growth were norms. WIND has been sustained, and grown, more through investor appetite for anything tech, rather than the improved fundamental performance of the company. Incredibly, operating profits were flat, year over year last quarter. In my books, 35% revenue growth, 12% EPS growth and a PE of 75 hardly appeals. Tech valuations are still historically high by any measure, despite recent pullbacks and strong earnings reports by other techs.
Not in love with WIND by any stretch. Will buy more only at an appropriate valuation.
Plugging free cash back into Bombardier. Stock split again...4 times in 7 years, $13B in revenues, growing EPS at 35% a year, PE under 40, and chunky dividend to boot. Not to mention massive order backlog. That's what I call performance.
Rinks |
