RE:RE:RE:RE:RE:buying opportunitybucheroncapital wrote: wkrpradio wrote: bucheroncapital wrote: bucheroncapital wrote: I agree if the trend of the current results is sustainable, LAS will be rewarded with decent multiples and its way above the current one.
Like I said .... and it's still quite cheap at the current level
Certainly not cheap by any means. Possibly undervalued , but when it was trading in the $95 range , that was CHEAP.
@ 18X P/E it's relatively <cheap> , there is still room to move up , and it's now more diversified (juice, wine , sauce , broth and lots of private label ....) I like the story and will keep on holding
More diversified and more complicated to manage. 18X P/E is high compared to a lot of great oil & gas stocks priced at 4X to 5X P/E.
I prefer to buy low and sell high and not get emotionally attached to any one stock..