11-07-2019, 02:44 PM
(11-07-2019, 12:45 PM)Otter Wrote:I sucked my thumb on UPS but I'll get me some. I'm scraping a few profits everyday lately because the next sale is coming. There is very little out there to buy this week(11-07-2019, 09:55 AM)divmenow Wrote: UPS is on fire. How much further can it go? I got in at $97. Happy for now lol
Looks slightly overvalued at the moment on FASTGraphs (P/E of 16.33 using their blended basis for calculating P/E). If it rises to its 10yr average P/E of 18.9, that implies a value of $142. Granted, the entire past decade in which that average was calculated has been a bull market and expanding economy. Even at the bottom of the market in March, 2009, and during the most recent big dip in May, P/E hasn't dipped below roughly 12.5, which suggests a floor in the $90s.
My last purchases were during the May/June '19 and December '18 dips. Cost basis of $104. I'll buy more if it drops under $112 (P/E of 15).