Long Bayercrop @ 5200
Updated
I took a pilot position at 5200 and I will be looking to add at minor corrections
Technicals: stock quickly recovered from recent COVID-19 crash lows. it didn't break the previous low made Aug 2019. Broke out an exceptionally high volume and has been consolidating its gains.
Fundamentals:
This exceptional rise in OPM has lifted the profits to the highest level at 474 cr (TTM) if these margins sustain and there is a steady rise in sales, it will fuel a great rise in earnings. The stock looks like its raring to go higher. However, I will let the price movement confirm this because earnings come later and price moves first
5 years of sales growth - (-4%)
5 years of profit growth - (-4%)
Margins at the highest level at 20%
Debt-free company
TTM earnings up 100%
Technicals: stock quickly recovered from recent COVID-19 crash lows. it didn't break the previous low made Aug 2019. Broke out an exceptionally high volume and has been consolidating its gains.
Fundamentals:
This exceptional rise in OPM has lifted the profits to the highest level at 474 cr (TTM) if these margins sustain and there is a steady rise in sales, it will fuel a great rise in earnings. The stock looks like its raring to go higher. However, I will let the price movement confirm this because earnings come later and price moves first
5 years of sales growth - (-4%)
5 years of profit growth - (-4%)
Margins at the highest level at 20%
Debt-free company
TTM earnings up 100%
Trade active
Added 2x at 5605. Looks good. tight consolidation with price moving up very quickly.Trade active
great qoq numbers. adding more at 5905
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
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