Wolf speed Message Board

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Technology Stocks : Wolf speed

WOLF 13.80

+21.3%

Oct 15 9:30 AM EDT

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To: slacker711 who wrote (10410)	8/18/2021 10:43:42 AM
From: OldAIMGuy	Read Replies (1) of 10663

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. Best wishes, OAG

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