On March 11, 2016, we did a review of Ecolab providing the following conclusion:
“With the stock already trading below most fundamental averages, a purchase plan at the current level and lower would be ideal. A three-part purchase plan at the current price (50%), at the ascending $83.03 level (25%) and approximately at the ascending $61.91 level (25% would be acceptable.”
Since our posting last year, Ecolab (ECL) has increased +17.57%. This isn’t proof of the quality of analysis, however, we believe our updated could provided insight for future developments related to the directions of the stock price.
We will review the December 14, 2007 Value Line Investment Survey and compare their 2010-2012 projections and see how Value Line’s estimates were far short of their own expectations. Afterwards, we will review Value Line Investment Survey’s March 3, 2017 numbers and projections and see how their estimates stack up going forward.
Finally, we’ll revisit the technicals that we presented last year and see how that has played out and potential outcomes going forward.
