8/12/24 :: VROCKSTAR :: 
DLB
Already buy $66 but want more
- quick comment, hit a 'check in' target i set from a year and a half ago
- results reflect the consumer/ macro not a company issue
- stock trading at lows on it's equal-weighted SPY pair ("DLB/SPXEW") which is interesting but also gives me some ST caution
- valuation starting to be compelling in the mid 60s
- if i were a boomer looking for dividend and buyback income, this would be a 1-2% position ez-pz
- but again, i'm trying to limit so many positions and prefer larger and higher conviction upside picks
- if we enter low $60s, say $62 where i set my tgt, you're looking at sub 20x PE (FY25 and cash adjusted EV), which starts to look more attractive to me. otherwise, i'm buying
TSM for "tech" - i get it i get it - different industries. that being said TSM has better ST and MT growth and trades just as cheap w a ton of cash generation. so that's where my gas is for now.
V
DLBAlready buy $66 but want more
- quick comment, hit a 'check in' target i set from a year and a half ago
- results reflect the consumer/ macro not a company issue
- stock trading at lows on it's equal-weighted SPY pair ("DLB/SPXEW") which is interesting but also gives me some ST caution
- valuation starting to be compelling in the mid 60s
- if i were a boomer looking for dividend and buyback income, this would be a 1-2% position ez-pz
- but again, i'm trying to limit so many positions and prefer larger and higher conviction upside picks
- if we enter low $60s, say $62 where i set my tgt, you're looking at sub 20x PE (FY25 and cash adjusted EV), which starts to look more attractive to me. otherwise, i'm buying
TSM for "tech" - i get it i get it - different industries. that being said TSM has better ST and MT growth and trades just as cheap w a ton of cash generation. so that's where my gas is for now.V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.