Down well over -25% - Time to start nibbling on TPX shares
TPX shares are down well over -25% in the last 5 days, from $87.26 to current $64.10.
The old rule is to wait 3 days from initial fall to start nibbling shares and we have hit that point.
TPX sales have just started to gain traction overseas and the company forecast sales to rise over 40% by 2014 and over 100% by 2016 from the current $1.4B.
Its hard to find many mid-caps that are growing at that pace in the next 2 to 4 years, therefore buying TPX on weakness will lead us into future gains.