It's swell that folks can disagree, and still accept the possibility of a conflicting result.
I am out of SAPE (at least for a few minutes). Not because I think it will falter, but solely due to its P/E. Lately the market has been very concerned about high P/E companies, and for no acceptable reason has adjusted stock prices to adjust the P/E.
I bought my shares at 32 and promptly saw them drop to 27 and rebound the same day.
Selling last week, I may not have gotten the peak price for the quarter, and I won't wait for 24 to get back in. But in between there, there seems to be a lot of room to play, while the market regains confidence in high growth opportunities.
SAPE is a great company, with a bright future. Its stock price may not always reflect this (or tend to overstate it).
Having said this, SAPE will probably shift to a new price range, teens to low twenties, or back to the upper forties, low fifites.
james |
