Noble represents good value

Finally, Noble has turned, and has broken its 20-day high. According to the turtle trading method, this is a buy signal. Fundamentally, now could be time to pick up shares of the China-backed commodity supply- chain manager. CEO Ricardo Leiman told shareholders and analysts via a conference call on Aug 12. “Despite the fall in profit, we are on target to double our profits to US$1 billion within the next three years.” Analysts' target for the stock range from 1.62 to 2.26. Current price is 1.71. More on this article

Noble Group: Share price falls to attractive levels as earnings take a hit
Monday, 23 August 2010

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