Interesting, but my price targets completely agree with yours.
In my words, I saw an intermediate term run up to the 12 to 15 area.
What will count most here is clearing the most recent intermediate
high of 8.5. With the anouncement of a new CEO or merger mews,
this should be pretty quick.
One thing left out of your encompassing analysis is the current
position of the strong housing market (new permits especially),
the likely continued drop in long term (especially mortgage)
interests rates, another rush into refinancings, and a bouyed
consumer sentiment. All this could translate into strong demand for consumer led cyclicals in and about the housing area.
What I especially like is that BBA is barely followed, both in the
investing industry and also gauging from the sentiment on the
boards. Hey, by the time the tech-heads wake up and smell the
coffee on this board, BBA will be ready for the momentum players.
Meanwhile, for those who care, obtain an investment package from
HQ, it is very well written, visit one of their stores (you will
find an outlet in every major mall), briefly review the competitors
in this industry, and in so doing, arrive at an understanding of
about 95% of what BBA is about.
I think most investors would be very surprised to discover
what a fine, sizeable and great potential company BBA is.
So, please excuse while I shut the coffee off, I like to put
all the odds in my favor.
Ed Perry |
