What Should the Shares Trade at? Use Earnings Forecasts to Gauge Interest

Cyclicality is Not a Problem

We don’t have a problem with cyclicality. Wall Street still looks for certainty in areas that are uncertain. We feel good about lumpiness. We just try to be cash counters – if you can buy something at 5x free cash flow with a limited chance of permanent impairment, even if it earns only half of what we originally thought, that’s okay.
Source: http://www.valueinvestorinsight.com/