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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (71634)1/30/2023 3:10:54 PM
From: E_K_S  Read Replies (1) of 78715
 
Re: WIRE

Hit another All Time High. After discussion about last year's earnings & some research not sure they can continue to report such earnings. Sold 50% of my WIRE position bought 11/2022 at $147.

If indeed their PE can be maintained at 4.3x it continues to be a bargain & I am wrong to sell. Took my 9% gain in 60 days and will continue to watch this as well as other companies in the sector.

I bought this as a way to participate in the infrastructure build out (ie transmission wire).
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