01-25-2022, 01:46 PM
(01-25-2022, 12:58 PM)stockguru Wrote: COWN, LPX, ALLY, ORI, WHR, KKR, WBA, DKS and BBY just to name a few.
but actually all except COWN and BBY are up from a year ago.
I'll take one at random, DKS.
Now I don't follow it closely but let's just agree that it is a quality company with a low P/E.
One year ago it was at $67, then it went up to $145, and now we are at $118, you're significantly closer to the all time high than you are to where it was 12 months ago. You might be buying it ~18% below it's all time high but you're also paying a 72% premium compared to what you could have gotten it for exactly 1 year ago.
Now I have no opinion on whether it's a good buy or not, I don't follow the company closely. However, after being up 72% in the past year, I'd hardly call it a bargain.