What do you think about timing now in their ability to get to say $0.10 per share botttom line each quarter? I’m reasonably confident that they will eventually get there. But even at $5 s/p, a lot of that is already baked in. And I’m increasingly worried that the macro environment is going to not cooperate sooner than later and pola will lose the race before the next recession.
Not to get too much into politics, but their is a lot of damaging or at least briskly policy currently and forward looking. Monetary policy mess ups, trade wars, future shut down possibilities, and then as 2020 gets closer, businesses and investors will start also thinking more about the possibilities of the democrats’ versions of damaging or risky economic policy coming down the pipeline (eg more taxes, more regulations, and maybe even nationalization of much of the healthcare sector). Add it all together, a recession might land sometime 12-24 months from now. We’re already in the late part of the business cycle even before talking policy risk. Employment gains are going to have to decelerate with such low unemployment and corporate earnings are going to at least take a breather.
So have your thoughts on Pola changed re: when they could hit that benchmark? I used to think by Q1 earnings it would be clear. Now I’m thinking Q2 at least. They still haven’t shown they can translate anything into the bottom line.
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