Sweatshield,
the "best" type of long term investment - is one where a company earns high rates of return on equity, and doesn't need to spend most of the earnings on replacement PPE (or reserves)........
one then needs to value these cashflows - and try and aquire at a discount to "value" ........value is driven by discount rate, and growth rate....
have a read of roger Montgomery's site / blog .......
the Australian market has very very very few of these types of companies !!!!!!!!!!!!!!!!!!!
having said that - STO is a play over future commodity prices.....
rgds
V_H
18 Year Time Horizon - Buy or Not, page-9
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$6.84 |
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Mkt cap ! $22.21B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
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| No. | Vol. | Price($) |
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| 2 | 5564 | $6.83 |
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|---|---|---|
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