Monday, September 29, 2014

FPH Forward to 90

FPH is creeping slowly to the North. I started buying at 74-ish and now it is priced at 87.90 pesos. I set my buy price at below 80 pesos which means it is not a buy for me at its current price. Hopefully, it will go back to 80 in a few weeks - although I have a doubt. I really like this stock for it gave a good return last year which I know it will do the same this year as well.

I think Lopez stocks are not as explosive as other conglomerates. It is slow in moving up which should give you more time to accumulate. With FGEN and EDC still in profitable mode, I believe 100 pesos is not too far away. How about 100 pesos at the end of the year? Not yet, not yet.

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