No. of Recommendations: 3
€146 and change, down another 4.6% just today. Whee!
...
I have a small position, though obviously it's not doing me much good yet.
Another update...
Down to €139.17. Hitting fresh 52 week lows, down 49% from the 52 week high, and about at levels last seen at the start of 2024. I added a bit today. Still not doing me any good yet, of course : )
For whatever it's worth (not much), Value Line's 3-5 year target is, when converted to euros, €180 - 240, implying central estimate low double digit annualized price return plus dividends around 1.75%/year. That target does assume a healthy ending P/E of 22, which is actually about the low end of annual average multiples in the last decade.
Jim
