Yes, exactly. PME need not even experience a decline in revenues or earnings - even coming in marginally short of expectations can cause a large drawdown at current valuation levels, and there are outcomes that can play out that are far more adverse than that.
No one can know the future, and things can turn on a dime even as a result of factors that no one can control, so it goes back to the point about demanding a margin of safety and paying a sensible price for your investments.
Yes, exactly. PME need not even experience a decline in revenues...
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Last
$157.53 |
Change
2.370(1.53%) |
Mkt cap ! $16.46B | |||
| Open | High | Low | Value | Volume |
| $153.13 | $158.02 | $153.13 | $22.35M | 142.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 459 | $157.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $158.00 | 1080 | 2 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| PME (ASX) Chart |