"Expect a lot of buyers have been burnt this past week?"
Many, many more sellers have been burned over the last few years, by not staying long during the inevitable short-term dips in share price that happen to all stocks. I have gladly remained long through all the dips since early 2020, and have reaped a 5x share price gain, plus rapidly growing dividends.
As I have said before, Acrow is now a very much higher quality and lower-risk business (and even better value now) than it was 3 years ago due to its much larger market cap, much higher profitability and much greater diversity in regions and customers served, as well as the range of services now offered. A higher P/E should be awarded by the market for this, but the P/E is still the same as it was in early 2020 when it was a one-trick pony and less than $50M market cap.
One of Acrow's key strengths is its ability to reinvest more than half of its profits (plus some additional debt at times) with returns of over 30%. Companies that can do this year after year compound rapidly, as Acrow is doing. Proof of this is that Acrow's market cap has gone up more than 5 times since early 2020. I fully expect it to keep doing this for some years yet.
Staying long now is one of my easiest investment decisions to make.
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Last
$1.12 |
Change
-0.010(0.88%) |
Mkt cap ! $327.8M |
Open | High | Low | Value | Volume |
$1.14 | $1.14 | $1.12 | $413.5K | 368.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 5611 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.13 | 8869 | 8 |
View Market Depth
No. | Vol. | Price($) |
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8 | 26419 | 1.115 |
7 | 87027 | 1.110 |
4 | 16696 | 1.105 |
8 | 46849 | 1.100 |
4 | 51061 | 1.095 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 8518 | 7 |
1.130 | 32553 | 6 |
1.135 | 15423 | 6 |
1.140 | 42220 | 4 |
1.145 | 21431 | 2 |
Last trade - 13.11pm 03/05/2024 (20 minute delay) ? |
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Last
$1.13 |
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Change
-0.010 ( 0.83 %) |
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Open | High | Low | Volume | ||
$1.13 | $1.13 | $1.12 | 29286 | ||
Last updated 13.36pm 03/05/2024 ? |
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