Post by
retiredcf on Dec 06, 2023 10:30am
Long Term Investment
With that in mind, was pleased to add more this morning at $23.05. GLTA
LMN finally received some brokerage coverage (TD, target $28) and it has had a very good run in November. We think it likely will consolidate its gains, but at the same time it is a solid long term growth story, with 99% revenue gains last quarter (with acquisitions). We consider it a buy-and-hold stock......and
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I have been accumulating LMN since August and bought more today. Also, I will continue to buy more in the next six months. At what price do you see the stock at December 1st, 2028?
We are not big believers in target prices, and in five years a lot can happen, both good and bad. But considering LMN's pedigree and growth so far, we would be disappointed if it wasn't above $50 by then. (5iResearch)