No. of Recommendations: 0
This thread has been ignored for a while now, but thought I'd bring it up again. It's nearly 6 months since this thread was added to and we now find NYT in a worse position than in June - about 13% worse depending on where you start your count.
As far as I can see, on the BMW chart, NYT is showing a RF of 2.07, and a RMS of -2.88 - both criteria that I like to see when deciding on a purchase.
Morningstar has this one as a 5 star rating based on current prices, and has a fair value of $40. This is nearly 50% higher than yesterday's close.
Add the fact that this is in a very unloved sector and I think we have a classic contrarian play on our hands. I love these opportunities as there is a chance of jumping in early before the market has made any significant moves in it. High risk, but potentially high reward as well.
As a result, I took the plunge and opened a position. Will be watching to see how this one goes.
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