A problem is that earnings momentum has been dead sideways, and most recently, it has kind of slipped. Because of this, the analysts are pulling back. There should be some fairly good support at about $55. Watch the earnings forecasts.
She had looked at it and it hit her metrics. It is trading at this multiple because of the competitive environment. There is not a huge amount of differentiation. It’s not compelling enough for her.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.