hmmm. what to do when the stock is up 20% compared to the overall market's +8%... I'm neither a trend follower nor a great fundamental's analyst.
--- ride the wave or cut-away (and hope there's another wave out there)?
(I'm from California, so surf-references are de-rigour!)
I buy thinking value + dividends... the dividends are still good (4% or greater) but the p/e is declining.
20% is my "take the money and run" point, I guess, even though the ex-date is right around the corner (March 23).
(NYSE:GD) and (NYSE:IDA) both had another run after I got out, so I may be a chicken. GD's replacement (NYSE:PEP) has been a disappointment so far, but it's early days (about 100 days so far).
Disclosure: I am long POR, PEP.