This is a good undervalued play . My entry is a little early as I would like to see some consolidation and an ideal entry closer to the $9 mark . However based on the fundamental metrics of this company I see a potential for a 50% to 100% target profit and I like the 10% dividend so I entered with my first level and willing to take another around $9 . I have market my potential level 2 entry on chart.
If the trade is successful I my game plan will be to eliminate my risk ( sell my cost) at the target price and continue to hold the remainder to collect dividends going forward.
The P/E is currently 4.21, free cash flow and debt looks healthy and institution ownership high at 87.9% (slightly up) . The one thing that is a slight negative for me is the forward eps for next year is expected to be less than the current eps (ttm) but still calling for $2.05 earnings per share. Analyst target price avg is $16.62.
Good luck ~
If the trade is successful I my game plan will be to eliminate my risk ( sell my cost) at the target price and continue to hold the remainder to collect dividends going forward.
The P/E is currently 4.21, free cash flow and debt looks healthy and institution ownership high at 87.9% (slightly up) . The one thing that is a slight negative for me is the forward eps for next year is expected to be less than the current eps (ttm) but still calling for $2.05 earnings per share. Analyst target price avg is $16.62.
Good luck ~
艾力克~