Added to the position on Thurs and Fri. My perspective is there has been no change to the fundamentals of FLIR -- most analyst reactions to the FLIR analyst day on Thursday were positive. The stock has pulled back because most tech stocks are pulling back and because some investors may have expected some kind of upside from the analyst meeting that didn't occur.
I think there will be upside to Q4 estimates and that 2008 results will be higher than current estimates. no hard and fast data for that opinion -- just assuming that growth will not decelerate as fast as current estimates assume.
just now getting to the point where the position is almost half the size I would like to get to before I'm done. will need to see either further declines or the passage of time (stock flat yet growth still there) before buying more.
still believe this is a great long term growth story.
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