You did well Convexity. For me the same arguments of valuation and WES being excessively priced here remain intact.
I hate going on popular retail stocks and pointing out valuation issues, but when it gets a bit silly someone has to given retail investors a decent perspective whilst the likes of Motely Fool send out long promo's on WES's rise that most retail investors never get to the bottom of to read the "instead of WES we recommend this stock".
WES results and outlook were predictable. The company gave a big heads up on their prior results.
WES trades still at very high multiples to its forward earnings outlook.
returning to PE of 18 to $ 29.66, page-77
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Last
$68.95 |
Change
0.090(0.13%) |
Mkt cap ! $78.20B | |||
| Open | High | Low | Value | Volume |
| $68.45 | $69.45 | $68.03 | $71.57M | 1.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21 | $68.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $69.04 | 118 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| WES (ASX) Chart |