Malay I don't believe that the market is efficient. Therefore I don't believe that the price of a share always represents the underlying value. Sometimes the price will exceed fair value, and sometimes the price is very low compared to intrinsic value (i.e PBG at 15c). I'm not saying it won't go up, but I doubt it can go too far further upwards based on fundamentals.
And no I never said you should buy a blue chip which will just sit there. I invest in growth companies, that is why I am not interested in PBG.
Mate, 'don't go against the trend' doesn't apply to my investments. In the long-term fundamentals will dictate the share price, not the trend. I have no position in PBG, neither short nor long.
I also enjoy hearing others POV on stocks, I'm always looking to improve my strategy. I just enjoy throwing my bouncing my own opinions off others as to the future of companies. If
PBG Price at posting:
92.0¢ Sentiment: Hold Disclosure: Not Held