Post #296 by mungofitch on the Falling Knives board

Investment Strategies / Falling Knives

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LKQ hit an alert I set more than a year ago at $42/share...

Down in the dumps again, currently at $40.60. I think it hit a fresh 52 week low yesterday.

Does anyone have any further thoughts?
For a random stab at what "the street" thinks, Value Line thinks they'll be making about $5.35/share in 3-5 years, and trading at a multiple of 16. Adding a range of uncertainty, they are targeting a price around $70-105 in that time frame, which would imply a very healthy rate of return if those guesses ended up vaguely correct. (a very big if)

Jim

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