OGN
Brought some more at $19.39 today.
For me they are starting to show revenue growth now. I am completely caught off guard on how much this stock has fallen this week. But my repsonse is to continue to catch the falling knife. Hence I brought more.
The reason why I'm so confident is the growth initiative is working revs grew y/y last quarter for the first time on a absolute basis in recent memory, and obviously more on a constant currency basis. But there guidance where they recently raised revenue guidance in the last quarter, show revenue growth occuring consistently in the 2nd half. And there pipeline sounds like this is gonna continue. I believe they will be a 3-5% revenue grower with a 7-10% grower on adjusted EPS going foward using this year as it's base year. Which means eps about $5+ next year, and about $4.60-4.70 this year. Hence if they do 5 next year we are at a pe less than 4 going foward that now is start to show solid albeit not fast, but consistent growth, with better growth to the bottom line. I see a scenario with positive comps going foward where this stock get revalued to at least a 7-8 pe. Which if I'm correct this could be a $35-40 stock in the next 12 months, that is why it is my largest position appraching almost 4% right now of my portfolio. All is just my opinion, and I could always be wrong though.
AI
