03-23-2021, 10:07 PM
(03-23-2021, 09:51 PM)fenders53 Wrote: I traded it several times last year and of course a hold would have been better. Great company but it is as cyclical as it gets and the PE is really getting out of range before they even peak earnings. No idea how high it goes if infrastructure bills come to fruition. I know I wouldn't buy and hold a lot of $250+ shares. You will be sad in a couple years. Same with Deere. That's the downside to being awarded a tech stock PE.
My crystal ball says your price target has decent risk reward because I know you are smart enough to bail if the investment thesis starts looking shaky. We have no clue what bill passes. They might build bridges, windmills, inner city housing, or next to nothing.
I wouldn’t hold of long enough to see $300 or more lol. I would stay in for maybe 25 points and then get out. Like you said very cyclical. If I would have held it when I bought under $70 well then I would hold for a lot longer lol. Which is why I said nay take a position under $200 with protection of course. But right now they are in the sweet spot especially when the economy is fully open and more digging and construction will be needed. I think they have a good 2-3 years before we see any significant slowdown.