Broadcom is trading at reasonable valuations despite past gains; expected $30 EPS by 2030 supports continued buying.
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Visa follows with 6.5%, then Broadcom with 5.4%.
Looking at the growth of Broadcom shares, it has made a profit of approximately 194% on the average purchase price. However, I started buying shares a few years ago, and made a profit of approximately 600-700% on the initial purchase price, but I continued to increase the average purchase price because I still believe that Broadcom shares are trading at reasonable valuations.
In fact, this is one of the stocks I invested capital in during the last month.
Well, again, when you look at a stock like Broadcom, you see that it has risen by 653 % over the past five years . It automatically assumes that the opportunity has passed. This is no longer an opportunity.
But what's interesting is that when looking at Broadcom in terms of valuation, CEO Hock Tan stated in the recent earnings call that they expect to reach earnings per share of around $30 by 2030.
Broadcom's around $30,
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