I have always maintained that if all of our ducks line up, PER has the potential to go up to $5 and beyond. The difference is that I don't bang on about it every post. A lot has to go right before we can even dream of those price levels. People also need to keep in mind that PER will most likely need to consolidate (IMO) before the SP can get to that price range (my guess is 5 to 1). So while it is okay to dare to dream, we need to take it one step at a time.
PER - Megathread, page-343
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