A diary of the thought process behind my investment decisions
Dawg, you nailed MED !! Kudos to you.
Dawg...That was a risky trade.The next time I'm gonna really think hard before trading this kind of set up.But for what it's worthYEAH MED BLEW OUT EARNINGS.I did a calculation and it seems to me that this company is growing at around 50% per year revenue and earnings. Their growth rate since 1999 has been around 40% a year.I think forward P/E is around 14 right now.According to the company's 09 estimate of earnings, the stock is currently trading trailing p/e of 26.Compared to Weight Watchers and Nutrisystem, MED seems undervalued.Let's see if this stock makes it past 25. The market needs to hold here.
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