The past 24 months have been really choppy– but there’s reason to believe that the next 12 months will be a lot better.
Right now, it’s in the middle of its biggest selloff in recent memory– meaning that it’s time to start thinking about buying the shares on weakness.
Under tremendous pressure since early 2018 it may be time for it to take off.
It found its winning stride in the first half of 2019 and the bull thesis here remains favorable for healthy upside for the rest of the year.
History says a bounce back is imminent and as the market improves, its growth will re-accelerate, and that will spark a rally in the stock.
It’s finally time to start looking at it as a potential rebound candidate in the back half of 2019.
Up more than 20% year-to-date, the rally isn’t over yet.
Up more than 30% this year its steady profit growth should keep it on a winning path.
The concerns are being overblown and creating an opportunity.
It’s a long-term winner and currently looks like a steal.