David Sharek
David Sharek is stock portfolio manager at Shareks Stock Portfolios and the founder of The School of Hard Stocks.
Sharek's Growth Stock Portfolio has delivered its investors an average return of 18% per year since inception vs. the S&P 500's 10% during that time (2003-2020).
David's delivered five years of +40% returns in his 18 year career, including 106% during 2020.
David Sharek's book The School of Hard Stocks can be found on Amazon.com.
I’m not high on CTRP right now. Earnings estimates came down for 2011 and 2012 and that leaves expected growth at 18% and 26% for the next two years. This company should be growing at 40%.
In Ctrip’s one-year chart profit growth the past four quarters looks great (bottom/left) but Estimates show growth slowing to 16% and then 
Profits grew 55% last quarter and revenues jumped 44%. Revenue is expected to grow 29% next quarter.
I’m taking my Fair Value P/E of CTRP down from 45 to 35. Comparisons are tough to match and this stock doesn’t have any momentum. Fair Value to 2012 is solid but I don’t know if we want to wait that long — and these estimates could fall some more.
I first purchased CTRP on 12/1/04 at $7, then I sold 9/18/08 at $20 and bought the stock again on 12/28/09 and paid $37. No withe the stock $38 I am leaning towards selling again. The thing that keeps me in this stock is the upward slant of the ten-year chart and the fact profits have grown every year at a solid rate overall.
