Market overreacting IMO.
Doubled my holding. Sitting at 4.35 average now.
1.17bn shares, 760m$ op cashflow.
Means the company is generating 65c of operating cashflow for a 4$ share. 6.15 ratio.
Ideally positionned for infrastructure stimulus spending and low interests in case of a downturn.
Hopefully this will be my defensive play for the short term.
Market overreacting IMO.Doubled my holding. Sitting at 4.35...
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