Savvy Trades and Investments

[SSKILLZ1]

PRGS

I brought some at $45.99 avg Today. I believe there guidance of $3.68-3.70 will be exceeded greatly with a excellent q4. I persoanlly think earnings will be around $4 this fy, and with the acquisition, plus growth of there underlying business I expect about $4.50 in fy 22. If I'm correct, I believe this growing software firm deserves at least a 15 PE, Hence I could see a push to $65-70 range in the coming 6-12 months. Time will tell, But I also like PRGS. In fairness I'm not new to PRGS so I do follow them pretty well, here was buy post I did in May, I did sell in the 47's and have since been looking to buyback. All is just my opinion of course, and I could always be wrong though.

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