Started the year at ~ $7.50. I would think we're already oversold but who knows with this crazy market ?
Long term growth opportunity here for sure https://www.marketscreener.com/SYNLA...61/financials/
forward average analyst eps estimates FY19 51.5 cps, FY20 59.0 cps, FY21 74.0 cps.
Choose whatever multiple you think is right for this fast growing company. Market average forward PE is now down to about 17.5 according to some so on market average that suggests fair value is $9.01, average analyst price target $9.38...but I think eps is growing much faster than the market average and I am not the only one that thinks that looking at those average analyst forward eps forecasts...
Last edited by Beagle; 25-10-2018 at 11:19 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
the price action is quite devastating and SML has annihilated my portfolio returns after buying in at close to the highs but will dig deep and add.
Did buy some.
Anybody noticing that the volume so far is not really convincing? Might be just some nervous and inexperienced investors selling ...
I guess really - if people didn't sell their SML shares at $12 - why would they want to sell them now?
As well - from a fundamental perspective does this share now look really great. At $8.24 (I know, SP is risng again - better be quick) is the forward PE still below 15! Not too bad for a company with a forward CAGR of above 25 ...
Obviously - take care out there and DYOR ...
Last edited by BlackPeter; 25-10-2018 at 12:05 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Originally Posted by babymonster
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