RE:RE:RE:Smoking Numbers for Q2!!! Thanks for your analysis Timescape!
Nice to see someone else here.
Your comment that earnings have been "holding steady for the last 3 quarters" is factually correct, but I think you shouldn't use it to forecast earnings next year because it does not take into account SEASONALITY. You will notice an increase of 1.25$ between the July and September quarters in 2020... You will also notice that even the analysts miss this point. Will I be right? Will I be wrong? Not sure, but I feel this seasonality will affect earnings positively again in 2021. For that reason I like an estimate that is 2-2.50$ higher than yours.
I won't quibble about your p.e. You're right that it takes time for stocks to re-evaluate. I do think the split will help a lot in his respect, however.
Tepid response by the market today means I will be able to continue to add as funds become available.
Cheers,
Hen