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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (17189)	8/25/2015 7:22:12 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

HI OX, yes companies that get way overvalued and go into a serious market decline.... can just keep sliding. SAM has taken out it's 2014 support at 202, 208 and 210 the 3 lows of 2014 and I could believe that the stock could work it's way all the way back to the 110-120 range over the coming Quarter. the auto parts companies AAP, ORLY, and AZO all have had %500 plus runs the past 4 to 5 years.... I know the average age of the US auto fleet is 11.5 years, but the equity prices seem significantly overdone. John

To: The Ox who wrote (17189)	4/10/2017 4:50:48 PM
From: The Ox	Read Replies (1) \| Respond to of 33421

SAM Message 30204482 I haven't reviewed their numbers for a long time. Might be time to look at them more closely now that they've returned to earth? CMG I tend to agree that the stock is way overpriced here. I would say the same thing for companies like CMG. I know how many people love to eat there and that they produce awesome numbers but selling at 35 times cash flow and having a 45 PE for a stock growing earnings about 27% trailing and expected to "only" be around 20% next year....well, I wouldn't buy it over $700, that's for sure. I also wouldn't step in front of it.....let it start to roll over then your odds of having a successful short will rise immensely. It's only 10 times book value, too!! Message 30204500