Considering that it was already above Autodesks low-ball offer of $38.50 per share, and also taking into consideration that I'm assuming that FY24 guidance for revenue growth of 20-23% remains unchanged (along with other metrics) and taking into further consideration that after the release of FY23 results, the share price closed at $48.41 and we're almost back to the share price pre release of FY23 results. Is this again an opportune time to accumulate?
I obviously thought it was.
But this stock doesn't move like other stocks. It always seems to polarise opinions.
The point of this post is really to ask the question...when a company releases a standout report that includes solid guidance and the stock powers up by over 20% in one session, is it then worth taking the plunge and adding to your holdings after the market has taken back much of those gains when the outlook likely looks unchanged - or do we just forget about it and throw the previous results and guidance offered and throw it out the window?
(20min delay)