DGE are above fair value, but while they continue to deliver decent results the market may keep them at a high price as there are fewer and fewer companies which are managing to keep growing at a good pace.But if DGE suffer one slip.....well.....we know how viciously the market punished Tesco (and Tesco were not nearly as highly rated as DGE before January's drop).So if I was a holder of DGE, I'd be inclined to take a bit of profit off the table, but keep holding a core position and monitor developments; the shares may be a bit stretched, but with high-single-digit growth, the shares could be fairly valued at the current price within a couple of years - and may not be de-rated in the short term as long as they continue to please the market.However, I could not justify buying the shares anywhere near the current price. £13-something might interest me, but, as per the previous paragraph: it'll probably take a stumble (or overall mini-bear-market) for DGE to be de-rated that severely.So to summarise:No worth buying at this price.Existing holders may find it's worth locking-in a little profit with a partial sale (say a quarter or a third of the holding), but retaining a core position. Best of both worlds: less to lose if tey get de-rated, but still some chips on the table if they continue to perform.
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