"This is the best bottom draw stock that everyone needs in their portfolio."
[You know things are getting frothy when you read that kind of thing.]
The best stock for the bottom drawer is a company which this year will make not even $150m in NPAT [*], but which is capitalised at almost $10bn, i.e., a P/E of almost 70x ?
Not sure how that creates wealth.
Does the multiple scoot up to 80x or 90x?
Or does the it somehow hold onto 70x and the share price grows in line with EPS growth?
Not sure I'd bank on either of those outcomes.
[*] via the use of accounting treatment which is not exactly conservative, at that.
"This is the best bottom draw stock that everyone needs in their...
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Last
$40.50 |
Change
-0.210(0.52%) |
Mkt cap ! $13.25B | |||
| Open | High | Low | Value | Volume |
| $40.57 | $40.60 | $40.00 | $49.54M | 1.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 416 | $40.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.51 | 2941 | 3 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| TNE (ASX) Chart |