Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 04:36 AM. | Search:

» StockRants Stock Forum » Public Stock Forums » US Stock Picks » Strong Sell: Spectra Energy shares at lifetime high...time to SHORT



Reply
 
Thread Tools Search this Thread
Old 04-19-2014, 01:16 AM   Nav to Top  #1
johnc
Junior Trader
 
johnc's Avatar
 
Join Date: Apr 2014
Location: Singapore
Posts: 4
Favorites: KO US AAPL US BAC US
Rep Power: 68
Reputation: 10
johnc is on a distinguished road
Default Spectra Energy shares at lifetime high...time to SHORT

Shares of Spectra Energy Corp (Ticker: SE US) are at a lifetime high of US$39.34. The company is one of North America's leading pipeline and midstream companies. Valuation is currently at just over 3x Price-to-Book. Forward return on equity is expected to be between 11-12%, in line with historical standards.

We think such valuations are somewhat rich when one considers the likely return equity holders are getting i.e. 11-12%. Shares also seem overbought with an RSI of 71. We reckon June 2015 fair value on the stock is probably just over US$28. This means one thing...it's probably time to go SHORT.
__________________
stockchimp.blogspot.com
twitter.com/worldstockchimp

We Provide Global Stocks Coverage
Seeing is Believing - Visit our Blog
johnc is offline   Rate this post Yes | No Reply With Quote
Reply

Tags
SE US

Similar Threads
Thread Thread Starter Forum Replies Last Post
Strong Buy: Norse Energy = Once-in-a-lifetime opportunity MrCash US Penny Stock Picks 3 04-18-2013 02:23 AM
Buy: GLL....Is it Time to Short Gold? Crude Oil Trader US Stock Picks 0 12-30-2011 12:31 AM
Short: Time to Put OpenTable Back on the Short Watch List Vinnystocktips US Stock Picks 0 07-09-2011 05:05 PM
Strong Buy: BEDA - BEDA~Over 2 Billion Naked Short Shares Officially Confirmed… Bullriders US Penny Stock Picks 1 03-04-2010 11:56 AM
Watch: High Growth Alert issued for Fidelis Energy (FDEI) kellygram10 US Penny Stock Picks 1 02-09-2010 02:26 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On