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Technology Stocks : OLED Universal Display Corp
OLED 216.34+1.0%11:23 AM EDT

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To: I'manoledguy who wrote (24158)2/26/2020 4:10:34 PM
From: mdglenn   of 26130
 
It will be a good while before a vaccine is readily available, if ever, for the new virus.

The vaccine is already on it's way ready for phase one. It will likely be a year before it finishes its trials

You are spot on with your other comments.

There are two ways of looking at this. Pessimistically you can see that earnings will be hit until the spread slows down and factories are opened therefore expect the hit to the stocks. On the other hand, this is temporary and we can expect a steep bounce back at some point. 2021 will not be effected therefore at the end of this year OLED will be trading at a reasonable forward PE . Historically 45 forward for this young fast growing company is low therefore I feel good about holding my stock at less than a 30 PE x 2021 earnings not knowing where it will go in the short term.

It is only political because the scare tactics are misinformation that is being pushed for nefarious reasons and intended to hurt the market and economy .
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