I have steadily added to this (speculative) long on weakness. I do not shun in response to the last few days' underperformance; I look at this as an intermediate-term opportunity.
I am placing CMG on my Best Ideas List at $413 as the reward versus risk has now turned quite attractive.
Here is my projected 12-month updated upside/downside:
Upside $525 (+27%)
Downside: $385 (-7%)
Here is my investment thesis.
This is a speculative long, from my perch.
Position: Long CMG.