PLS 3.00% $2.91 pilbara minerals limited

PLS chart, page-5335

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    Volatility is your friend when fundamentally, not much has changed, especially for the lithium ion battery supply chain. I don't think you can compare the current situation to the GFC.

    Nonetheless and as an example, the profits of the Commonwealth bank (CBA) at to low point of the GFC drawdown were stable and did not change all that much from pre GFC levels, yet the share price was sitting at ~$27 mid January 2009, half that of the pre GFC share price, with a PER of ~6. For that PER to normalise at ~12, the share price needed to grow into those profits, which it did by July 2009, climbing back to $55 dollars. Therefore, looking through the noise and backing those screaming buy fundamentals, one would of doubled their money in six months.

    Yes one should be a more careful with their investment choices during in volatile market events, but taking advantage of cheap "quality" companies with solid fundamentals is what its all about, buying 2 for the price of 1 and all that jive. You mention you bought in the 290"s a week or so back and stated you're prepared to hold, but not willing to buy more at these lower prices, TBH your not making a lot of sense ....

    AIMO, not advice, please DYOR


    Last edited by SF@HC: 26/02/22
 
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