Wall Street thinks it’s a zero growth company. However, it’s much more than that, and this disconnect is reason to buy it.
It’s gone nowhere in eight months, but it should head materially higher over the next eight as it’s poised to ride a strong holiday season.
With a sizable outperformance in a relatively short period of time, it may be time for some profit-taking.
The long term fundamentals remain robust, and recent weakness is just noise in the big picture which has left shares attractively priced.
It’s supported by healthy secular growth drivers, and as such, projects as a winning investment for the foreseeable future.
It rarely goes on sale so buy the dip while you can.
Up 29% since the end of May, it’s strength won’t go away anytime soon.
Up 1,400% since early 2016, the trade war isn’t going to kill this rally.
The negative factors are being overstated, and the upbeat catalysts are being understated. Amid its recent weakness, it now looks compelling.
With improving fundamentals today’s weakness is an opportunity.