Why Motorola Is Heading Higher
Sean Hannon submits:
As a value investor, I am dependent upon the market. After determining what I believe to be a company’s fair value, I must wait for the market to allow me to purchase the shares below that price. Oftentimes, this involves stepping into a stock after everyone else has left. Such an approach is often lonely, but profitable as well.
A recent example is the recommendation I made in the January 31 issue of EPIC Insights. At that time, Motorola (MOT) had recently reported quarterly earnings of $.09, which bettered both the estimate of $.08 and last year’s result of a $.01 loss.
Investing, Long Term Investment, stock market | admin February 17, 2010
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