rory - re: GTW - reasons why it traded up:
1. GTW is an Internet stock, not a generic box builder. As such, it is entitled to a PSR of 70, not a PE of of 78 (TTM) despite projected 15% annual growth.
2. GTW did not warn, so it will come close to, or beat, earnings projections. Notice IBM beat estimates, but was down from last year. All that counts is if you beat estimates, however low they may be. IBM at alltime high today.
3. It s a perennial takeover candidate. Rumors have been CPQ, IBM, DEC ( a long time ago), and almost everyone else.
4. They recently changed advertising agencies. Things were going so well, they wanted to fix something that wasn't broken.
5. Most importantly, I am (glub, glub, glub ) seriously underwater on my short.
How many reasons do you need? |
