Aug. 4 at 8:54 PM
$ARE My take on the sell off today is a couple of big funds are rotating out not because they think that the company won't do well, but because they believe their money can get higher returns elsewhere, call it greedy, impatient, or business!!
With the positive outlook and neutral guidance (leaning positive) I feel like this stock has a fairly good chance to get to
$60-75 by EoY. But unfortunately a lot of this is also affected by capital being drained into AI and megacaps. If these funds think that this stock only has a 15% potential by EoY they might see a potential 40% returns in some emerging microchip stocks that they would rather bet on. Unfortunately this unnaturally discounts solid stocks like ARE with great fundamentals 😋, good price for me to pick up some more though!
Based on the FFO and recovery I think it's very very very very very unlikely this dips more than 5% lower than where it is currently at. Already it is unnaturally depressed
