I’ve gone short today.
while it’s untarnished 10 years of EPS, FCF, Div and ROA growth are all very impressive, I think the market has gotten ahead of itself and baked too much earnings into the current price after the recent contract announcement.
in the current economic environment, I don’t think paying such a premium is prudent and it’s valuation will need a pullback to reflect less of a “pie in the sky”.
I’d love to hear from holders how they justify holding at such a price?
FYI, I’m not looking to start an online “tiff” and if you’re long on this one, take my short as a good sign - My plays are usually wrong!
I’ve gone short today.while it’s untarnished 10 years of EPS,...
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Last
$131.78 |
Change
-2.460(1.83%) |
Mkt cap ! $13.76B | |||
| Open | High | Low | Value | Volume |
| $135.00 | $135.64 | $129.62 | $56.72M | 430.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 253 | $131.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $131.84 | 408 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PME (ASX) Chart |