Q: I had been waiting for LMN to go down a bit before I purchased however that's not happening. Is $30 too much to pay if I'm looking at a 3-5 year holding period?
5i Research Answer:
Sometimes the good ones don't give investors much chance to buy. We would be OK in the $30 range if one has a long term holding period. Buying a partial position and waiting is also an option (but of course doesn't always work, either).