HUM 0.69% 71.5¢ humm group limited

a boomer, page-13

  1. 5,583 Posts.
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    Yay moving into the parabolic phase. Most of the buying is from managed fund businesses, perhaps buying to make their performance figures look nice? perhaps they understand the business and have confidence in it? But at a forecast p/e of 20 and growth rate of 10%pa (excluding the effect of impairment provisions which they should be increasing as they inflate their loan book), $4+ is a tad steep. [Note: I'm obviously looking to open a short position]

 
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