Panjang

Inflection Point

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BKI caught my attention for a few reasons.

1. Held by Scion Asset Mngt- if you haven't heard of them or Michael Burry, check it out. Crazy returns off the financial Crisis.

2. SP sitting at an inflection point at bottom of long term demand zone and near lowest long term demand zone.

3. BKI's shiller PE ratio range over the past 10 years is from 36.26-43.09 and currently sitting at 37.37 implying that it is near its lowest valuation in 10 years.

4. Mornings Star Fair Value market valuation sitting at $61.1. My own target of $77.5 is based on a Fibonacci retrace of 61.8% of 2020 highs.

Penafian

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