Today's Bargains?!

[Dash]

(08-05-2015, 04:15 PM)EricL Wrote:

(08-05-2015, 03:08 PM)Rasec Wrote: Is Disney a buy/bargain at this price point ($110)?

I know I'm probably in the minority, but I wouldn't be interested until it got in the low $90's. Its normal PE over the last 10 years is 17.8, and the last 5 is 17.2.

With an expected $5.05 in 2015 earnings an 18 multiple would put "fair price" at about $90.90.

It is an outstanding company, but at current prices of 24 times earnings its too expensive in my opinion.

Totally agreed on DIS. Love Disney but there are other awesome companies available for fair value or cheaper right now that I'd rather buy into.

[navyasw02]

(08-05-2015, 06:47 PM)Dash Wrote:

(08-05-2015, 04:15 PM)EricL Wrote:

(08-05-2015, 03:08 PM)Rasec Wrote: Is Disney a buy/bargain at this price point ($110)?

I know I'm probably in the minority, but I wouldn't be interested until it got in the low $90's. Its normal PE over the last 10 years is 17.8, and the last 5 is 17.2.

With an expected $5.05 in 2015 earnings an 18 multiple would put "fair price" at about $90.90.

It is an outstanding company, but at current prices of 24 times earnings its too expensive in my opinion.

Totally agreed on DIS. Love Disney but there are other awesome companies available for fair value or cheaper right now that I'd rather buy into.

I dunno... sometimes it pays to buy the hype. Disney has cornered the blockbuster movie segment with Marvel and Star Wars for the foreseeable future and continues to dominate the kids movie sector with another Frozen (ugh...) on the horizon. Its overpriced, but I dont expect a discount anytime soon.

[EricL]

Disney is now trading near $100 after a big downgrade today.

I continue to think the low-$90's is a decent target for an initial buy point.

[rapidacid]

Fresh 52 week lows for some of my portfolio

[Kerim]

My short list on this dip is:

XOM (of course!)
BRK-B
EMR
BEN
PH
IBM

[Rasec]

Will we see Apple below 100 by Monday?

[Kerim]

(08-21-2015, 02:25 PM)Rasec Wrote: Will we see Apple below 100 by Monday?

No clue. But if you're itching to buy -- why wait?

[hendi_alex]

There is certainly no reason to be overly anxious to buy. IMO better to pick conservative entry points and wait patiently. Also keep some cash available for deploying at even lower prices. Don't forget how irrational the market can get!

[Rasec]

(08-21-2015, 03:03 PM)hendi_alex Wrote: There is certainly no reason to be overly anxious to buy. IMO better to pick conservative entry points and wait patiently. Also keep some cash available for deploying at even lower prices. Don't forget how irrational the market can get!

It's exactly my POV, why should I buy at 100 if I can buy at 90. I have the luxury of time and the money is not burning in my pocket.

[Kerim]

(08-21-2015, 03:18 PM)Rasec Wrote:

(08-21-2015, 03:03 PM)hendi_alex Wrote: There is certainly no reason to be overly anxious to buy. IMO better to pick conservative entry points and wait patiently. Also keep some cash available for deploying at even lower prices. Don't forget how irrational the market can get!

It's exactly my POV, why should I buy at 100 if I can buy at 90. I have the luxury of time and the money is not burning in my pocket.

Well, hang on. In the last month, AAPL fell from $132 to $115. If we had had this exact exchange when it was at $115 (a week or two ago), $106 might have seemed like an incredibly conservative entry point to wait for. Well, now it is below $106. When all you see is red, it is fine and well to hope for an even better entry point. But you can't expect it. We have no idea what Monday will bring. You may get your $90 soon (though I'd be surprised), or the bull might resume and you'll never even see the $100 opportunity.

[EricL]

Pretty remarkable that AAPL is now trading for about 11.6 times 2015 earnings and 10.8 times 2016 earnings.

Have to think management is buying back stock hand over first.

[Kerim]

(08-21-2015, 03:35 PM)EricL Wrote: Pretty remarkable that AAPL is now trading for about 11.6 times 2015 earnings and 10.8 times 2016 earnings.

Have to think management is buying back stock hand over first.

Agree -- those buyback reports should be good.