Firm Commentary
Goldman Trading at 8.8x P/E & 10x Forward
In anticipation of Goldman’s earnings release on Feb 18 I have been buying the stock between $200 and $210. GS’s price to earnings is absurdly low for such a high quality asset and well managed company. I’m also expecting that GS will surprise on the upside when they announce earnings since they have navigated the recent turmoil so successfully. Seems like a great time to pick up some GS for a long-term investment or a quick trade until after earnings come out.
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I suppose that one worked out really well. Lesson 1) 70% +/- of a stocks return is due to the MARKET as a whole.
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