posted by mark
on Wed, 05/18/2022 - 09:36
Target is a well established conservative company and today even they are getting beat up. It was selling at a P/E of about 15.5 before it got hit.
Yes, inflation is going to effect them, but in 6 to 7 years, the decision to own them at the "Discounted" prices is going to look smart.
The stock market is the only place where people want more when the prices rise and want less when they are discounted.
I have to give a shout out to the portfolio managers whose short term outlook has provided many deals in long-term, profitable and conservative companies. Thank you very much!
Good hunting.
Be smart, be well-read, be aware and be successful.
