Good morning to all. So, I have spent the last couple hours looking for something to play – Overnight, Short, Buy, Midterm, Two Day…anything. I really just don’t see any attractive opportunities. At least ones that fill all of my criteria, and while I know it is my job to provide you with trades, I do not like to force them. When I do, it doesn’t turn out well for you and me. So, what I am going to do today is an update and overview on all of Longterm Ratings. Finally, I will be doing a new Longterm Rating on Trina Solar (TSL) and Green Mountain Coffee Roasters (GMCR). We are moving away from the Longterm Positions to the Ratings. This is actually a much more effective approach because it will allow us to set very succinct buying ranges and selling ranges that we can follow until these companies hit this level. TSL and GMCR are two stocks we had in our Longterm Portfolio, so I am going to update my DCF and stories and set price targets, buy/sell ranges for them. I know that this is not actionable information today, but I will stress that a diversified portfolio between short, medium, and longterm trades is important.
If you did not see it yesterday, our latest Longterm Rating in Frontier Communications Inc. (FTR) is rated as a Buy with a price target of $16, which is a 100% increase in price from yesterday.
Longterm Ratings Portfolio:
Buys –
1. Frontier Communications (FTR):
Buy below $13.50. Sell above $18. Fair value estimate is $16. Current price is $8.07. Risk is Medium-High.
Holds –
1. Align Technology (ALGN):
Buy below $22. Sell above $32. Fair value estimate is $28.50. Current price is $22.26. Risk is Medium.
2. Cree Inc. (CREE):
Buy below $44. Sell above $61. Fair value estimate is $56. Current price is $52.80. Risk is Medium.
3. First Solar (FSLR):
Buy below $130. Sell above $198. Fair value estimate is $174. Current price is $148.50. Risk is Low-Medium.
4. The Ryland Group (RYL):
Buy below $15.25. Sell above $22. Fair value estimate is $20. Current price is $17.75. Risk is Medium-High.
5. Skechers Inc. (SKX):
Buy below $22. Sell above $32. Fair value estimate is $28.50. Current price is $22.25. Risk is Medium.
Longterm Rating – Trina Solar
