Saw some yahoo on t.v. today (cnn or cnbc can't remember which), a guest analyst, where they take calls about stocks. First call was BMCS. This guy said that BMCS would probably trade very close to current levels for the next 1-3 months. (okay sounds reasonable) But that if you were willing to hold for 12-18 months, you could very well see returns of 30-40%.
Man, talking about under selling a stock! Let's see, trading at $18-$19, a 30-40% return would be put BMCS in the $25-$26 range-- basically where it was last month. Hogwash!!!! If BMCS isn't at least 2x or 3x current levels in a year to year and a half, the sky will have fallen, IMHO!
I know these analysts are anything but, however, I still get surprised at their utter lack of effort. Virtually any tech stock that falls from $85 to $17, that has a decent earnings history fits the "hold it long term for a 30-40% return". Duh. May as well make up one of those 8 balls that has one-liner investment advice!
My biased views only,
John |
