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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.440-1.9%3:59 PM EDT

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The Ox
To: The Ox who wrote (4616)11/2/2017 12:16:40 PM
From: richardred1 Recommendation   of 6273
 
I could be wrong. However I'm figuring even if the company can earn a buck next year. FWIW-If my worst case guesstimate is right? A PE 8 or 9 times forward earnings with a 2%+ covered dividend isn't to bad for myself moving forward. Especially in current market conditions. Some story stocks like IMPINJ and Tesla are taking some hits today. IMO if and when the market does correct. Low PE stocks will take a hit, but not as hard as story stocks and ones that have unrealized gains. RE-High PE's & momentum run ups.
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