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Strategies & Market Trends : John Pitera's Market Laboratory

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To: The Ox who wrote (17189)4/10/2017 4:50:48 PM
From: The Ox  Read Replies (1) of 33421
 
SAM
Message 30204482

I haven't reviewed their numbers for a long time. Might be time to look at them more closely now that they've returned to earth?

CMG
I tend to agree that the stock is way overpriced here.

I would say the same thing for companies like CMG. I know how many people love to eat there and that they produce awesome numbers but selling at 35 times cash flow and having a 45 PE for a stock growing earnings about 27% trailing and expected to "only" be around 20% next year....well, I wouldn't buy it over $700, that's for sure. I also wouldn't step in front of it.....let it start to roll over then your odds of having a successful short will rise immensely. It's only 10 times book value, too!!
Message 30204500
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