2013-02-05
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| HOLD | $457.844 | BULLISH | US EQUITIES | Yes |
Has been surprised at the magnitude of the drop in price. This was a positive high momentum company on the upside and has flipped around to a negative momentum. Fundamentally, not a lot has changed. By the end of their fiscal year, he thinks they will have about $175 a share in cash. Trading at about 5.5X ex-cash. Extremely cheap but right now the market is not carrying about fundamentals.
Gordon Reid
President and CEO,
GoodReid Investment Counsel