Holiday Thread

Hope everyone has a safe and happy 4th of July!

Tuesday Morning

Mystery Chart - Is it a buy, hold or short?

Monthly Chart

First off, don't strain your eyes trying to see the ticker ... it's not there.  The top chart is the daily and the bottom is the monthly.  Every month for nearly a year this stock has been up.  It's a juggernaut.

You might think it's got a strong and generous dividend that is consistently raised by a shareholder friendly board but you'd be wrong.  There is no dividend.  Maybe it's got a hot product.  It needs one because the trailing P/E is 88, forward P/E is 34 and the PEG is over 6 which says this is not a "value" stock.   It has essentially zero debt and $362M cash on hand.

There are almost 5700 employees and the market cap is 2.66B so it's not a flash in the pan operation.  About 11% of the float is short and it would take just over 5 days to cover.  It is heavily owned by institutions even though analysts give it a price target of 27.

I'll put the name of the stock on the afternoon thread (or earlier if y'all can't stand it) but I hope some will express an opinion before then.


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