a PE of 30 is nothing compared to what other darlings of the market growth stocks are at . Think Appen, Altium, Csiro and more. P/E is important but CBA's and other lower growth stocks have lower rates as they do not grow the business sixty percent a year.
I believe my tech shares will go down quickly in a recession, milk formula of the specialist kind however is a staple
and with thirty percent of Chinese being lactose intolerant ( I am not Chinese but lactose intolerant and the impact of drinking A2 is huge for me) and no competition right now. its a no brainer . Around ten is a decent long term buy.
Chart Update, page-968
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
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| A2M (ASX) Chart |