04-08-2020, 10:57 AM
We are going to struggle with recent low price bias. I don't know about anybody else, but I didn't start a DGI port from scratch last month and buy all my positions at five year low prices. This is why we need some earning guidance. I was good with blindly buying quality brands that were suddenly 50% off. Now I look at a stock only 15% off it's ATH and think hmmmmm, I wonder if they will struggle for five quarters with much higher debt? That's not priced in anymore. That greatly affects how much I am going to pay. There will be more deals soon.