Post by
alive9well on Jan 29, 2024 12:20pm
Stock Price action versus Analyst TPs
Some of the comments on this board is typical of immature investors, typically the ones who rolled during covid period and thought they would be wealthy in three years. By and large most analysts do a pretty honest job, and mostly on the conservative side in assessing the overall business performamce and then assigning TPs based on TTM data and industry multiples. The market works on its own pace sometimes rewarding some stocks very quickly, and others very slowly. The analysts reports are just one source of information for investors, and consensus information is not such a bad thing. It helps sort out quality companies from junk businesses whose management you cannot trust. Also many analysts have accesss to eyes on the ground that look at actual business roll out progress, something that an independent investor has little information on. Analysts don't control the pace at which sp moves. However stronger TPs (consensus value) is an indicator of hidden value that is yet to be recognized. Time will reveal it. The impatient should move on. It's better for the stock too.
WELL Health is a stock for steady investors who create a diversified portfolio, and add over the years. Not for the quick return punters who will for ever be punting decades from now. I have been selectively adding more shares over the years and will continue to do so. Unrealized gains go up and down, but that's how wealth is created from one's best holdings.
Comment by
Steve33 on Jan 29, 2024 3:08pm
Very WELL said. It nice to be able to have a name for future posts that I can respect.