M
Believe it or not I looked at this over the weekend. Today it hit my buy price, I purchased at $13.58 a small position, and decided to take a chance.
Guidance: If they hit guidance, they Are trading at roughly 3.5 times this years earnings. That is waaaaaaaaaaaaaaaaaaaaay too cheap. I personally think about a 7 PE is warranted. Hnece I could see a scenario where the stock is worth double current price in my opinion.
Dividend: Where I brought It is getting close to being a 5% Yielder, so it pays you while you wait. Technically about 4.85%, but that is a very solid yield, and very easily payable.
Stock Buyback: These Guys have consistently been buying back say 500-600 Million stock annually at these prices, which I don't believe they will stay here that long hence why I brought, you can buy about 40 Million shares of 15% of the current share count gone. There share buyback in my opinion is one of the things I like about M alot. Is I see shares being reduced significantly over the coming years.
Conclusion: As I always say you never know with earnings, this can completely backfire on me, but I see so much potential where this could work well over the coming years especially at these low prices. Time will tell. All is just my opinion, and I could always be wrong though.
