Baz - I love to see someone put his money where his mouth is. Not many posting complaints here appear to have done that.
They, like I, despite their complaints, appear to be waiting to see whether Niles is proved right or wrong.
Either way, PE's and PEG's aside, I believe that the stock is undervalued, and has been persistently undervalued since earnings were announced last quarter. Where else can you find such such consistent growth? And nothing, but nothing, will deter us baby-boomers from continiuing to poor as much money as we can into our retirement savings.
I wish I could have forseen the dip to 89, since I bought more at 96, but the vagaries of this market are more than I can fathom.
I hope it works out for you short term. And, if not, I hope that you are willing to hold the stock long term. Such a well-managed company will prevail over the long haul.
Christopher |
