The most consistently negative analyst on FMD upgraded it from ‘sell’ to ‘hold’ last night, increasing his price target from $32 to $43 and raising his earnings estimate for next year into the mid-$5 dollar range. My guru thinks he’s still way too bearish. But if some meaningful subset of those currently short FMD decided it is indeed a ‘hold’ rather than a sell – let alone the ‘strong buy’ others think it is – that would get the price up to $43 before you can say, ‘Andy must really want that salad spinner to be pushing this thing so hard.’
Keven: ‘I recall you recommending PCL if it ever found its way to 30 again; is that still a valid comment? Are you still a fan?’
☞ Let’s hope it doesn’t find its way to 30 again, though it certainly could. Yes, I do think PCL remains a good long-term holding. The trees are growing. World population – 6.6 billion now, an increase of more than 4 billion since I was born – will likely reach 9 billion by the time Harry Potter turns 50. A lot of those muggles will want houses.
I made the case for timber here four years ago. PCL was $26.50. At $42.50 yesterday, we’ve seen our investment grow at about 12% compounded – before taking into account $6 in quarterly dividends (currently, a 4% yield).
I’m not at all sure we’ll do as well over the next four years as the last four. But I still own some – again, for the very long term.
Really! The computer found the number I wanted, but I’m told an actual human will engage, as needed. The catch is that you have to endure a 15-second advert before you ask for your number and another before receiving it.
Jeff: ‘Just in order to keep up with CPI since 1980, gold would have to trade at $2200+ per ounce today. How does one calculate this? Where can you find records of inflation?’
☞ Here‘s one handy place to find it. A dime in 1947 had the buying power of a dollar today.
Quote of the Day
Wealth is the parent of luxury and indolence, and poverty of meanness and viciousness, and both of discontent.~Plato
Request email delivery
- Apr 25:
Around the World In 30 Minutes — For $1,500
- Apr 24:
New Power / Brain Power / Flower Power
- Apr 23:
Two Minutes on Golf
- Apr 20:
Getting Your $4,000
- Apr 19:
Not About Trump
- Apr 18:
No Time For By-Standers
- Apr 17:
NYT: Not Above The Law
- Apr 14:
TED: Living Forever — And Making Bail
- Apr 13:
If Only We Had Listened
- Apr 11:
Can It Happen Here?
- Apr 25: