It seems IAG is a cyclical stock with huge market share. It seems a no brainer, that you buy when the SP is low (now or wait until it gets lower, and then just wait 2-4 years for it to go up, and then just sell when it matches historical highs. can double money over 3-4 years just based on the cycle?
but i think it still will drop further. I will wait for it to test and retest lows.
Any other thoughts on this cyclical investment approach? buy when investment return % is low and net preimum is low (earnings is low), then just wait for a good year. Its not like IAG is going to have too much of a drop in top line revenue. Insurance is always needed.
News: IAG UPDATE 1-Australia's IAG warns of 70% plunge in 2020 cash earnings, scraps dividend, page-14
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Last
$7.24 |
Change
-0.180(2.43%) |
Mkt cap ! $17.16B | |||
| Open | High | Low | Value | Volume |
| $7.33 | $7.36 | $7.23 | $25.80M | 3.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12455 | $7.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.27 | 12570 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| IAG (ASX) Chart |