5/20/24 - $keys - uninteresting valuation for what you get-lower
5/20/24 - vrockstar -
KEYS
- not a short though i think my bias here is -ve all together. EPS that won't reach peak ('23) levels until a few years is a tough hurdle, especially at 20x. add to this 4% fcf yields which is fine, but not exceptional for this mediocre growth. at best this is an index tracker, and perhaps you have a more nuanced view on EPS - does seem like the bar is low-ish this Q. it's in the right (rising) tide, which helps, but i'd rather just own the fastest horses even at much more expensive valuations. i'm on the sidelines and probably not going to dip buy this either - regardless of the discount which keeps me uninterested in buying it to begin with. gl to the holders, curious if you have a more nuanced POV.
KEYS
- not a short though i think my bias here is -ve all together. EPS that won't reach peak ('23) levels until a few years is a tough hurdle, especially at 20x. add to this 4% fcf yields which is fine, but not exceptional for this mediocre growth. at best this is an index tracker, and perhaps you have a more nuanced view on EPS - does seem like the bar is low-ish this Q. it's in the right (rising) tide, which helps, but i'd rather just own the fastest horses even at much more expensive valuations. i'm on the sidelines and probably not going to dip buy this either - regardless of the discount which keeps me uninterested in buying it to begin with. gl to the holders, curious if you have a more nuanced POV.