I just discover PRU and they seem to me like a promising opportunity.
The company has currently a fair PE of 9.5. A positive sales and earnings per share growth during the last 5 years. A debt/equity under 1, institutional ownership over 60% and positive insider transactions.
They also have an active presence in social networks and a decent amount of followers.
From my point of view, the stock will continue revaluing. The price is recovering and the resistance wedge will be broke to the upside. There will be maybe a retest over the wedge and the price will continue ascending. The historical maximum will be tested and probably won by the bullish trend, going from here toward higher prices before a correction.
@josuevhn I don't get why PRU has gone down recently. I mean... I get COVID scare and all that... but the company seems financially one of the best prepared for something like this. Maybe they'll be paying too much out in life insurance policies?? I don't get it. Anyway, I'm in about 10k into PRU... bought within the last week, when I thought it couldn't get any lower... but it went down another 12% :o. What's wrong with you people selling?? :)
josuevhn
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@silver8ack, I believe most people are scared and many of them have a feeling that we haven't seen all the virus impact yet. I've sold my initial position and I've bought again some percent "at the bottom" and I will buy again if the price continues getting lower, trying to do cost-average.