Ohhhhhh - people are thinking LYC is overvalued.Well Lynas has...

Ohhhhhh - people are thinking LYC is overvalued.
Well Lynas has quite a lot going for them as always - their REO refining capabilities are phenomenal.

I would obviously love to buy LYC if it was slight lower, but as Buffet always says "It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price."

Lynas is a wonderful company. With a Current Ratio of 7.184 (Current Assets / Current Libabilities), LYC is damn safe.
However, it might be slightly overvalued since it's Market Cap way exceeds 1.5 * (A - L) [it's around a 5.08 times over].

HOWEVER - as again Buffet says "It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price."

In general - long term holders won't be disappointed in Lynas - LYC clearly is fabulous.
For short term holders (ie daily trading to weekly trading) that might be another story.
For medium term holders (ie me I generally move in/out once a month at most), LYC is also reasonable. Obviously I would LOVE if I could buy it at a lower price - but sometimes that's not possible [Ie a suggested a BUY on 29th Nov at $8.47. Now it's $8.90 in like 1 week.]