Re: Who Goes Down First ? CANON, KYOCERA, NOKIA, PENTAX, PANASONIC ???
in response to
by
posted on
Nov 10, 2009 12:30PM
Giants, yes but the overall stock market is acting entirely different in the face of the overall economic woes. Don't fight the trend...make hay while the sun shines.
There is nowhere to put your dollars and there is pent up cash on the sidelines. This is a good time to be going profitable and demonstrating growth.
Triple the outstanding shares yes, so adjust your high of 24.50 to 8.17, then cut that by two thirds to adjust for the bubble and you're looking at 2.7....which is quite reasonable imo...and possibly conservative should they surprise with larger than expected results.
Remember, there are a lot of candidates that can be taken the distance at any time by DM.