@lost whilst some take a 6-12 month view on earnings etc with a company like this with hi ROE and margins, I take a longer term view.
Some say "the market" looks 6-12 months out..
So sure.. if that means there is market correction coming I get it... that means earnings contraction ..but that also means earnings contractions on all financials. The Big4, Mac Bank.. pretty much everything..like the Eurodollar futures and bond market is predicting..
I believe "the market" is too negative on short term earnings projections..
I am prepared to wait it out.. look ahead beyond that..
Does that mean I get my timing wrong a lot...?
Sure.. like @@noomxx (it seems) I leave a lot of powder dry..
Who really knows? That's why we have a market.. it's a matter of judgement and stamina in crazy times...
Just my opinion.
Cheers
MFG Fair Value, page-31
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Last
$9.76 |
Change
-0.050(0.51%) |
Mkt cap ! $1.764B | |||
| Open | High | Low | Value | Volume |
| $9.63 | $9.77 | $9.63 | $2.785M | 286.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 928 | $9.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.77 | 2144 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |