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02/08/19
00:25
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Originally posted by noomxx:
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ABC is a cyclical company, those that have used last 10yrs data are forgetting that property has been booming for 10+ yrs. why not look at the 20/30yr data secondly for cyclical companies, the time to buy is not at the start of a downturn, but well into the downturn. or another way, 15x bottom of the cycle earnings, all other factors being equal. bottom of the cycle underlying earnings between 18c (current) and 10c ( wild guess) equals buy in share price of between $1.50-$2.70. not there yet, so I am still on the sidelines. why buy so early???
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doubt it would go down that low lol i say buy now, then buy more when it goes down more. this will be hard to pick the bottom as concrete is strong stuff ,;the bottom may already be here