Its been acting like ATM of late, big players push it where they want.
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I guess it depends what you are looking at.
For any long-term investor FPH is a dream, and I am pretty sure it will stay that way:
Attachment 13211
In only nine years from less than $2 per share to above $30 per share with actually little volatility is not too bad, isn't it? This is something like 25% gain per year not even considering the dividend.
Looking at the trend - it is easy to see that Covid gave the SP in early 2020 a boost - and obviously - what needs to go up needs to come down (back to the main trendline), but I am sure they will do fine if you plan for the next decade.
If anybody however plans to cash out next month, than shares might not be the right investment anyway - in that case I would recommend to consider a cash account at the friendly bank next door :p: Less volatility, but obviously as well - significantly less long term gains.
If you guys don't mind the currency exposure IDNA (ishares etf) has companies at the leading edge of healthcare, rather than relying on legacy revenue only.
PE ratio is acceptable too at 30.
What chart software are you using there BP please?
If you only looked at the FPH share price once a year there about a 95% chance you’d be a happy punter
Check the price every hour (say 1750 times a year) you will probably have about 920 happy moments …but 830 times you will rather sad / pissed off / wondering what’s going
Even once a day will give you many sad days
Lesson —- don’t look at the FPH share price too often if you are convinced it’s a great bet
I agree. I also think, same as with MFT, people are possibly under estimating how much these companies are positioned to use covid to help transform their business. Its true that both have seen a short-term boost to their profitability but I think it's a mistake to think things will just drop back to the long-term trendline. Both companies are using this situation to their long-term advantage.
The Trading View website and app are both great and free. Displays really well on a mobile as well.
Up 5% after being down that much two days ago. Good stock for traders lol