|New Threads Only:|
|New Threads & Replies:|
Forum List » Value Ideas and Strategies|
Share and discuss value investing ideas and investing strategies.
New Value Line Report on Kemet - KEM
Posted by: Dr. Paul Price (IP Logged)
Date: April 7, 2008 04:25PM
In the latest Value Line report [released on-line today and dated April 11] they see Kemet earning $0.44 /share for the calendar year 2008.
While the shares have crept up from a recent low of $3.93 to $4.48 [as of 12:20 PM] they still trade for about 10x this year's projections.
Value Line is using a lower than historical 15 multple in their 3 - 5 year target price range.
Applying that [in my view] very conservative 15 multiple to the $0.44 estimate would bring KEM shares back to a price of $6.60 or up 47% from the current quote.
Kemet shares have actually exceeded that target price during each of the past 13 years. In fact, they hit $9 and up in each year from 1996 - 2007.
By 2011 - 2013 Value Line sees KEM earning $1.05 /share and has a 3 - 5 year target price range of $13 - $19.
Insiders have been buying- Four separate open market purchases during March.
Stocks Discussed: KEM,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.