Your mistake is the 15 multiple. DD stocks will never get that, nor do they deserve it. Try 8 or 9. That puts you at $27 or $28, right where QNTM is now. So the stock is fairly valued, and no one should expect any upside, applying your reasoning and the correct multiples, that is. Of course, if estimates are revised upwards, the price will have room to go up accordingly, so there is hope. But again, it will take time for the sector to get out of trouble, for that to occur.
As for what other stocks are good investments right now, I once freely gave recommendations in this thread but was severely flamed for it. (All but one of the stocks doubled or tripled since then, which was May.) Besides, the malcontents in these DD threads have ruined the community spirit which otherwise would have made SI a great place, unfortunately.
Happy Investing!
Vanni |
