“The tech boom is over, a sustained rise is not possible because the fundamental outlook is vague, uncertain and risky. YOJ is actually doing very well trading at about 150x sales! Especially when the tech play has been long gone”
I will end my bit here as I am hugging the board, but that statement is nonsense (IMO) for anyone with a sensible approach to investing. But so as not to push your buttons on this particular stock which you seem to have a bee in your bonnet about, I will generalise.
No busts last, they are followed as day follows night by boom and visa versa on a never ending cycle of life. If we can avoid insolvencies and imprudent haste, making money on markets though natural cycles is practically assured. That ref to a X sales for a stock like this is irrelevant,
Cheers Phil.
YOJ Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
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