Goto 3 min 45 secs
I think they better study PET a bit more. “Insiders selling” - how about someone taking profits deservedly after holding for many years. “Questionable relationships with State Owned Chinese Enterprises” - that’s where the work came from plus China is going to spend heaps on cleaning waterways plus China is a stepping stone to the rest of the world. After watching that Florida Conference, I would prefer a Chinese State Owned Enterprise making an immediate decision than than that long winded talk fest.
They should not rely on PE as one of their main investment metric. It wasn’t that long ago (1-2 years ago) when PET announced a positive Quarterly Cashflow. Future cash flow is very much underestimated.
Does anyone give credit to these two commentators? Is there anything they said seem correct? Maybe they will change their minds in a few Quarters time?
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