IEL 2.15% $14.56 idp education limited

Ann: Update on Education Australia Shareholding, page-15

  1. 11,079 Posts.
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    I remember trading JHX from about 2011, and it was on a huge earnings multiple factoring in the US property recovery after the GFC, and investors and analysts seemed to view it as a dead certain recovery story, but were not sure of when. It was usually a far better dip long than short on bad news, and had to hit me in the hip pocket numerous times to teach me that lesson, while I was (deludedly?) thinking in terms of DCF. That is one experience that I am probably taking into account. I will not deny that there are huge red flags, and a fair recovery period however.
 
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