|Hi S, Re: Price Targets.........................|
Those new guide prices are somewhat closer to what Value Line is showing for the 3-5 year time horizon.
Value Line Price Targets
3-5 Year Range - $35 to $55
Their write-up suggests the stock got way ahead of itself with the ~4X gains over the last year or so. Current Price/Book is 4.1. Selling off the lighting division forced VL to suspend their "timeliness" rank for now as they feel there won't be any useful year to year comparisons for a while.
I was selling into that strength so have a bunch of cash sidelined for share repurchases sometime in the future should it figure out how to make product and sell it at a profit.
There's now more cash in this sleeve than there was total investment back in 2014. It's over 50% of current account holding value.