Oct. 15 at 4:36 AM
$CASS is projected to grow its profits at about 36% per year for the next several years. Yet its forward projected multiple is only about 12. That tells me there’s room for a multiple expansion and a rising stock price. The chart, however, tells a little different story. It shows a volatile stock trapped in a
$37/
$47 box and currently sitting at
$37, or at support. An obvious price target would be near resistance near
$47. But growing profits will eventually push the stock up thru resistance and take the shares higher. Probably somewhere near
$70.
Options are monthly.
