Boise Shares Popped: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: As volatile as today's been, it's got nothing on what we saw yesterday, when Boise dropped 18% in response to an earnings miss. Checking into the story yesterday, fellow Fool Travis Hoium pronounced the sell-off "a great buying opportunity." Today, it seems investors are starting to come around to that point of view, too.
Now what: It's about dang time. Listen, Fools -- Boise shares today cost you only 5 times trailing earnings. Wall Street expects Boise to grow those earnings 20% per year for the next five years. No-brainers don't come much obvious-er than this.
Will Boise keep bouncing?Add it to your Fool Watchlistand find out.
At the time this article was published Fool contributorRich Smithdoes not own (or short) shares of Boise. The Motley Fool has adisclosure policy.Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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