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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (10410)8/18/2021 10:43:42 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 10634
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,