Stock price when the opinion was issued
Likes the company, but has never owned the stock. It's always been screened out because of valuation. Trading today at 53x PE on this year's earnings. Great business model, and the street recognizes that.
You have to look at these companies in terms of what can go wrong. If we go into a sustained, negative economic period, there's going to be a lot of hurt on a company like this.
There is a strong seasonal pattern from end-May to end-June. Earnings will be announced next week. It is a strong growth company and has avoided the selloff of the consumer staple sector. Technically, it is still demonstrating higher highs and higher lows. Yield 1.16%. (Analysts’ price target is $208.75 )