Financials great, P/E 20 is very reasonable. Top line 20%+, LLY competition threats seems exaggerated. Last time was this oversold in 2017 and quickly rebounded. Impossible to replicate knowledge and ability to innovate. Started entry position at 78.5, will be DCA until it finds the bottom (if not already) Happy weekend
Bought some before ER. Stock near ATH, but think has some potential for moving higher. No stop loss. It will be trading higher medium term anyway as fundamentals are one of the best in the sector
20% Revenue CAGR 10% cash flow yield P/E 10 Semis manufacturers are cyclical and markets front-run it a bit. Think cyclical correction is nearly over