RE:Is this a good entry pointtkjcabot wrote: CNR has won the bidding war - at least for now and it is trading well below its 200 day moving average of $138.
Considering that that a chart of the company's PE points to a low PE ratio of 18 and the Projected 2022 EPS is 6.65, and that suggests a low price of ~ $120.
The accquision may effect the earnings in the short term, but being able to buy this below $120 woulf be a gift.
In fact I'm happy buying this at market being $125.80 in fact I would buy all the way up to $138
I'm in the proces of developing a spreadsheet that points to a possible entry and exit points
Market is angry and having a hissy fit here. This could continue for months and months as the story plays out. I will be a buyer of additional shares if we see sub 125.00 moving forward, the lower, the better. Am a long time shareholder and will continue to be one....