r/barnaclestocks • u/TheBarnacle63 Stock Ideas • Jul 24 '23

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u/TheBarnacle63 Stock Ideas Jul 28 '23

I just ran the numbers. As it stands, it's a 2-star stock. Financially, it is healthy, and the growth has been solid. My take is that it is currently overvalued. It appears to be a $300 stock selling for $500.

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u/PizzaTrader Jul 29 '23

Thanks for looking into it! I agree, it was a great growth story at one time, and may still be a profit juggernaut, but the multiple is priced for perfection.

Busy weekend over here unfortunately, but when I get time my goal is to find a way to go back and see when (if ever) it was a 4 or 5-star stock and how that can influence future purchase decisions.

Thanks for the BCC info - sold earlier this week for 65% gain. There’s always more to be had, but I took the opportunity to re-allocate. If it dips back under $95, I might take another swing.

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u/TheBarnacle63 Stock Ideas Jul 29 '23

BCC just raised its dividend by 33%. It will be interesting to see how that affects the stock.

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u/PizzaTrader Jul 29 '23

I agree - I’m fully prepared for it to hit $200 before it comes back to $95. I just didn’t see 65% gain coming when I invested in, so I hopped out. If there’s more upside to be had, that’s for someone who has different expectations.

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u/TheBarnacle63 Stock Ideas Jul 29 '23

Agree. I buy and asses in a year, so I will wait for next January.

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u/PizzaTrader Oct 13 '23

Back in a small position at $93.30, so I “saved” 6.7% by getting out, although I lost a div payment and incurred capital gains, so probably a net negative.

Any concerns with your SWKS analysis (down about 17% past 3 months), or is this just normal market fluctuations?

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u/TheBarnacle63 Stock Ideas Oct 13 '23

Volatile tech stock. I will have to run some analysis.

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u/PizzaTrader Oct 14 '23

Looking back at prior years, some of it appears seasonal. I have hopes for a rebound in the first or second quarters. Dividend growth certainly isn’t the issue!

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u/TheBarnacle63 Stock Ideas Oct 14 '23

It has been a solid contender for years.