Interestingly, despite my posts, price does make a difference and I am more open minded now at $36. In principle, I agree with Bob White that
a buy in this neighborhood should give good returns over the longer term. However, as previously noted, I do think we will now be in a trading range of $30-45, plus or minus a few points, for an extended period.
Furthermore, I am not open-minded in my view that the odds are better
than 50-50 that the stock will not be materially higher in the middle of the stated weak period, 6 months from now. However, if it gets near 30, it becomes more compelling because, to paraphrase InfraStructure
quite a while back on recommending ETEC at that time, the stock is then good for both short term and long term.
I encourage someone to persuade my that my time frame is wrong. |
