I have recently come up to an interesting position with one of my stocks. It recently hit its 52 week high on Thursday. The next trading day the stock broke through that record and we’re at an all time high.

Now this is great right? Well I sure think so, but you can never be too careful. So I make sure that we’re still dealing with the best of breed here. With nothing changing, no news, and no new business filings it’s time to find out basically where it’s going next.

The P/E ratio still looks fine when compared to others in the sector and industry. This is one of the important things that investor Peter Lynch has placed a high emphasis on.

The one year forward estimated P/E is down, meaning analysts predict it will improve earnings in the next year. The company has been made money from last year at this time.

With that I decided to hold the stock and just Monday, the third day in a row we hit a new high. The fundamentals look good and the earnings report comes out in a couple days. I am certainly glad that I did my homework so I know that I can be confident about my choice.

Doing research and analysis doesn’t just apply to stocks. It is important to make educated and confident decisions with whatever you decide to do, finance wise and personal wise.