Dunno why people are surprised when a stock already has a run up prior to earnings and then drops, even if it is an upgrade (priced in).
It's the times where the share price is falling and then you get an upgrade where you typically see the bounces.
Had my eye on this for a while, but paying over 30x earnings to me should only be reserved for stuff that are absolutely world-class global businesses like the Apples or Microsofts of the world.
Also always wary of companies that put out EBITDA with no mention of NPAT aka what really matters... ¯\_(ツ)_/¯
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- Ann: Johns Lyng Group Limited provides earnings upgrade for FY23
Dunno why people are surprised when a stock already has a run up...
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