we will be much closer to $13 than $76 in the foreseeable future
So, now you say we'll just be closer to 13 than 76 rather than that we are going to 13? Well, you must be right then because we are currently closer to 13 (a few days ago, we were closer to 76) and since you only seem able to look backwards, the "foreseeable future" is yesterday's close.
5% last quarter is history; what it told me is that GTW had worked out its problems and was getting back on track to profitable growth. When I bought GTW, I did so in spite of a generally bearish outlook for the market and expecting a slowdown in the economy. If the market drags GTW down, the downside is much less than the many stocks that are (or were before after hours trading yesterday) priced for perfection.
Of course earnings growth is important. So is valuation, absolute and relative. The outlook for GTW and its current valuation led me to buy it, not "wishful thinking". I am not in love with this (or any) stock as you suggest. I would submit, however, that you have some deep seated, irrational hatred for it. Did you have a bad experience with one of their computers? Lose money on the stock? Where does this hatred come from?
If you just want to be bearish, there are many stocks and indexes where I would agree with you. If you could express some rational, factual basis for being bearish on GTW, something with a little more depth than "are you saying that gtw's eps didn't grow just 5% last q, yty?", without resorting to ridiculous statements like "gtw will evaporate", people might actually take you seriously. |
