[QUOTE=percy;655521]Not an outrageous PE for a growth company
EPS growth was nearly 40% (half year)
So meets your criteria percy
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Averaging down already
Not a good start
Hope don't have to average down to $2.50 - would be totally overweight PPH if I to do that
At least a beaut day in Wellington today - no wind and mid 20's
It's going to $3.50 by Xmas so I am It's going to $3.50 by Xmas I'm told so no worries ...and it's heading to $1 billion ACMR
And with these sort of companies a 200MA is far too long - it's above both the 20MA and the 50MA so OK
Any reason for your confidence of it going to $3.50? Would this be before or after the next CR?
It is just - this is basically a company producing one rather simple app ... and at $3.50 they would probably still make plenty of losses but have a market cap of more than $800 million. Need to collect lots of donations to earn at some stage their keep.
I know they operate in the faith industry, but still ... Jeez!