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If the stock market typically looks 6-months or so into the future...It would seem that now is the time for RMBS to begin some sort of a share price ramp. Market at all time highs, with lots of players at stratospheric P/E ratios. RMBS generating healthy cash at a 12%-15% annual cash yield. RMBS stock buyback in place. MU contract renegotiated to start to allow earnings under GAAP standards. New Intel platforms starting to ramp over next 6 months. Most of the world avoiding virus shut-downs, and vaccines only a month -6 months out for those countries who never bothered to try to limit the virus. Many high flying stocks won’t be able to help rationalizing to a more normal PE, but that makes room for rotation into under-valued names. I suspect RMBS starts to see some love within 6-12 months. Other Opinions? |
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