Well I'm not sure about anybody else but I am tempted to put some more money into Orica but I'm holding back incase it drops into stupid territory like 16-16.50.
Orica makes a fair bit more profit than IPL yet their market caps aren't far off each other at this point. For those holding IPL i'd definitely be offloading at this point.
Difficult to say how Orica's profit will go this year but they've been through the GFC and bad times before and somehow managed to maintain at least an even keel.
Anybody have some thoughts on orica's price? Currently their P/E is quite low compared to the rest of the sector.
ORI Price at posting:
$17.19 Sentiment: Buy Disclosure: Held
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