Revised estimates for ALAI have reviewed all my previous work on ALA. For quite some time I had put in a discount factor for the negative sentiment around ALA given its falling off a cliff performance over the past several years.
But I think now is th etime to remove that dicount factor and indeed if market sentiment turns really bullish on th elong term prospects of ALA I can now see revised targets this year ranging from 24.7 to 27.30. I will not share the whole analysis just now but consider that forward PE is around 19. Bullish sentiment moves that to a possible 21 I think At 1.30 earnings for 2020 one finds the stock at between 24.7 and 27.30. That positive sentiment kicks in the moment there is a dividend increase. That sentiment nor the dividend increase ar enot yet reflected in the current stock price so if not fully loaded you may want to consider increasing your holdings before the ER. More later re analysis.