Goldman Sachs' share price is 40% higher than in 2005.
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  Goldman Sachs' share price is 40% higher than in 2005.		 « previous next »
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Author Topic: Goldman Sachs' share price is 40% higher than in 2005.  (Read 1076 times)
Beet
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« on: May 12, 2009, 09:53:36 PM »
On May 23, 2005, Goldman Sachs closed at $95.5 per share. Today it is $135 a share. What do you think is the next move for this stock? It think it could go to $200 a share next. Maybe $300. </snark>
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Fmr. Pres. Duke
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« Reply #1 on: May 12, 2009, 10:09:19 PM »
It's peak was $235/share when the DOW was at 14,000 last October 07. I dunno how high it might go, but I wish I had had the guts to buy it when it hit $47 in November 08.
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Beet
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« Reply #2 on: May 12, 2009, 10:18:40 PM »
The point is, it seems overvalued.
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Fmr. Pres. Duke
AHDuke99
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« Reply #3 on: May 12, 2009, 10:28:35 PM »
Well, it's trading at a P/E of 29, which isn't too outrageous, although it might be in this market. No one really knows what to expect out of this environment. Some say financials are still oversold, while others will tell you they are overbought. JPM is trading at 62X earnings, while BAC is only 14. It will be a $200 stock again when the DOW hits its highs of 14,000, whenever that day comes.
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Sam Spade
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« Reply #4 on: May 12, 2009, 11:45:25 PM »
I've been saying short Goldman once it hit $140.  I'm still holding to it, but mainly because I don't like them.  But it's a good area technically.

There are better targets, however.  Like Wells Fargo.
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Fmr. Pres. Duke
AHDuke99
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« Reply #5 on: May 12, 2009, 11:50:13 PM »
Our friend Jim Cramer said sell Goldman, as the charts indicated it was out of steam for time being at $135.
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Gustaf
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« Reply #6 on: May 13, 2009, 12:09:18 PM »
Isn't a reasonable P/E, on average over time, about 17 or something like that?
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