what do you think of medpace's current rating?
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@Memo0606 am now in for the long term. I don't think the valuation is too high. MEDP is virtually a shovel manufacturer in an important sector of the future
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•@SemiGrowth I am on the verge of buying $MRK
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@Memo0606 I've just added it to my watchlist, but haven't gotten around to it yet
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@SemiGrowth is absolutely fair at the moment
and quality company
offers both growth and dividends
my fingers are twitching to get in at the moment
and quality company
offers both growth and dividends
my fingers are twitching to get in at the moment
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@Memo0606 I just had a look at it, it looks great. I think I'll go in there sometime
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@SemiGrowth define "mega" from your point of view 😃
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@Memo0606 fantastic margins (80 Gross, >30 Net, >20 FCF), favorable in historical comparison. The product positioning in the high-margin segments (animals, cancer) and especially the latter is likely to be a growth market. At the moment, everyone is only looking at Eli Lilly, which is why this could be an anti-cyclical play in the sector. I like how the management handles cash (conservative). Only the relatively high level of debt is a negative point. Sales growth is currently low. But profit and FCF growth is extremely high (due to base effects). The valuation of 13 P/E is quite favorable in my opinion. Oh and Merck is also a long-term runner, compounder or quality stock with a discount
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@SemiGrowth so are you buying now or are you still waiting or watching?
I just don't want the value to run away from me
I just don't want the value to run away from me
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@Memo0606 I will probably go in in installments, but I don't know when yet.
You can consider a momentum discount strategy against the "runaway". For example, you buy when it rises/falls above 108 or below 101. Then you either have a low price and if it doesn't fall that low, you're still in. Or you go in in very small tranches. Then you at least have a few shares should it run away from you
You can consider a momentum discount strategy against the "runaway". For example, you buy when it rises/falls above 108 or below 101. Then you either have a low price and if it doesn't fall that low, you're still in. Or you go in in very small tranches. Then you at least have a few shares should it run away from you
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•@SemiGrowth thanks for the tip, keep us posted on when you buy your 1st installment
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