Kudos to the holders and buyers. MFT coming through the cycle looking decent. Still too expensive for me....
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I have heard people talking about its low yield ...not for long term investors ....I got in April 2010 around $ 6 and now its dividends are almost $ 2 per year ...so the yield is pretty great for me ...lol
Thats the beauty of a good growth stock ...it becomes an exceptional yield stock over time !!
broker reports coming in this AM...FY24 EPS on the ones I've seen (so far) seems to be around 2.75, 3.12 for FY25. Gives it a rough 1 year fwd EPS of about $2.93 (50% * $2.75 + 50% * $3.12), and implied 1 year forward PE of 21.4 (I prefer current year PE's but just doing the maths so I can compare its long term 1 year forward PE of ~17.5x). Still toppy but not so bad in the context of MFT's long term growth profile and this being a down year. maybe I am a visionless hack lol...hmmm.
U bought at 24 forward and still did alright even when MFT went thru their worst HY and current recessionary times ...imho speaks volumes about the quality of this company MFT !!
My simple take on stocks like this is ...try to get in as much below 200DMA if possible and hold forever ...if want to time exit then try as far up as possible over 200DMA . Its current 200DSMA is around $ 68.5 ...getting opportunity around $ 55 was superb ...went till $ 99.87 when its 200DSMA was about $ 72 was superb exit opportunity .