Mitch Vine's  Instablog

Mitch Vine
Send Message
VineSecurityJournal provides original research and content covering physical security, wireless and wired networking, and alternative energy (Greenvestor). Our research is based on financial fundamentals, plus a solid understanding of the underlying business, market, technology, competition and... More
  • FLIR Systems – Tough market provides a buying opportunity 0 comments
    Aug 8, 2011 2:20 PM | about stocks: FLIR
    One silver lining in the current market mayhem, is that good companies can become affordable. FLIR Systems    is a leader in imaging products used in both commercial and military applications.
    We like the company. Their growth had slowed recently, mostly as a result of the military side of their business. Growth on the commercial side has been much healthier. 
    In our recent SeekingAlpha article on FLIR, our biggest concern was that the stock seemed a bit over valued at $32.  When we last wrote about FLIR the price was high. VineSecurityJournal values technology stocks using a model that projects the value of future company earnings. We calculated a target at $24, and as of Monday, you can buy in at $23 plus change, providing a buying opportunity that we may not see for while.
    It is a tough time to be a buyer, but if you believe in buying quality stocks, and not timing markets, this might be the moment.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in FLIR over the next 72 hours.
    Stocks: FLIR
Back To Mitch Vine's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.