Agree nothing is bullet-proof.
Remember that the competitive position of industries changes over time. Right now you are buying a business ex-moat at ex-moat prices. If a moat develops (bird flu in China prompting exporting, increase in interest rates shaking out the small players etc etc) then thats going to be the cause of the re-rating as all these moat seeking investors bid the stock up.
Me, i'm happy with a no moat high return (due to low price) business that I can see has options of a moat developing in the future. In the meantime i'm happy with the cash piling up. FCF was 25c per share in 2016 and guidance is for that to increase moderately going forward.
Agree nothing is bullet-proof. Remember that the competitive...
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Last
10.0¢ |
Change
0.006(6.38%) |
Mkt cap ! $15.52M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 10.0¢ | $2.099K | 20.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 86 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 33805 | 2 |
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