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No. of Recommendations: 9
Sounds like Dollar Tree (DLTR) might be a good candidate for some LEAPs then? The January 2023 LEAPs...

I picked up some of those.
Which some might see as a contrarian indicator.

So if I'm going to be out on a limb, I might as well make a forecast.
Let's pencil in a return for DLTR stock without leverage of 12%/year for the next 3-5 years.
No specific justification, but I like the numbers 8 and 5:
Think of it as 8.5%/year growth to about $8.50 EPS around four years out and an average P/E of 18.5 for the medium term.
With today's price at $100.32 and no dividends visible on the horizon, I'll pencil in an average market price July 2024-June 2026 of $158. (another 8 and another 5)
Optimistic, but what the heck.

For comparison, my medium term forecast for Berkshire starting at today's price is inflation+ 7.3%/year for the next 3 years.
That would be a target of $508,200 in today's dollars for the average price 2-4 years from now. (CPI 269.2)

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