Below are the valuation targets for W.W. Grainger (GWW) over the next 10 years. Continue reading
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Category Archives: GWW
W.W. Grainger Update
On September 19, 2018, we said that W.W. Grainger (GWW) had downside targets of $295.55, $209.30, & $123.05. By October 16, 2018, GWW had smashed through the conservative downside target of $295.55.
While the Speed Resistance Lines (SRL) are guides for downside risk, the Altimeter continues to provide the needed insight on where we are with GWW on a valuation basis. Continue reading
W.W. Grainger Downside Targets
W.W. Grainger (GWW) is a stock that we currently hold and has run-up significantly in the last year. In this post we will review Edson Gould’s Speed Resistance Lines [SRL] and Altimeter for GWW.
Speed Resistance Lines are most often used by us to estimate downside targets. Based on the increase from the August 28, 2017 low and the August 21, 2018 high, we have arrived at the following downside targets.
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$295.55 (conservative target)
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$209.30 (mid-range target)
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$123.05 (extreme target)
It should be noted that the chart above does not include the extreme downside target. If the August 21, 2018 price is the peak then our best guess is that GWW will decline below the August 28, 2017 low. Our interpretation on the SRL may not play out for a while, however, the Altimeter adds significant insight.
Posted in downside, Edson Gould, GWW, Speed Resistance Lines, SRL
Amazon Effect Wearing Thin
On April 18, 2017, W.W. Grainger (GWW) declined –11% when the company announced earnings that seemed to disappoint analysts.
In addition, many analysts were confident that the effect of Amazon would torpedo GWW even more than what had already been done up until April 2017.
Our take on W.W. Grainger was materially different than some of the big name analysts. However, we weren’t alone in saying the GWW was worth buying.
Posted in Amazon.com, AMZN, GWW