RE:markets to be crashing in sept/oct?mrsly0 wrote: many are cashing out and just wating. what's the rush? the makets are so expensive now.
as for bbd with a $0.22 "expected" profit for the whole next year at 20 times profits it makes the share price target to be $4.40... 20 times profits is high for a company like bbd. this is not a tech. it's a manufacturing business and still having a huge debt. depending on the next few quarters we'll have a better idea unless you're into gambling.
great few months to be full of cash and waiting. enjoy rest of summer and prepare for fall madness and a record dow high just before it goes down.
good luck
I have to admit upfront that I have little confidence in target prices of most analysts as they have been dead wrong in the past. Still, your target price of $4.40 is at least $1.60 lower than most conservatinve analysts are predicting.
I have not checked them all recently but most if not all have target prices well over $6.00. I do not know if this is wihsfull thinking from your part but considering that we already exceed your target price I have a hard time believing your call.
I will keep your post in memory and get back to you about my comments at a later date. I have been wrong before but I do not think it will happen this time.