TraderMark

Aecom Technology Executing Well, But Fundamentals Don't Matter

Hi Dave,

after today's 12% drop it is back at its mid January lows ($22s). However in the panic of late 2008 it was in the mid teens.

It is a heck of a valuation here if you are willing to ride the huge volatility, and certainly a better deal than at 32 a few weeks ago.

Unfortunately in a bear market we see some crazy action so cheap at $22 can turn into very cheap at $17 in a hearbeat.
But with a longer term horizon it seems a solid entry point - just cannot say it wont be a teenager tomorrow or in 2 weeks.

cfant, my rant is not at President Midas. It's at all of D.C. and politicians in general. Just as we waited with baited breath a week ago waiting for Prince Geithner to save us (-10% down since) now we expect this guy to fix everything. It was a bad bill, full of useless stuff that won't help. It is so big that it will of course help in some ways, but for half the money it could of been targeted much better to create jobs.

1more4me,
in the short run logic has no place in the stock market. I have quite a few names with nice backstories who act horridly. Depends on the flavor of the day/week/month. If big investors don't want to be in, the stock won't act well.