I think you just answered your question. This is a company that only knows how to deliver and beat expectations. This is incredibly rare on the ASX, and any commodities investor will tell you that scarcity tends to equal higher prices. This is certainly beyond my expectations, but PME should serve as proof going forward that it is always best to hold companies that continue to deliver strongly, regardless of whether they are perceived to be overvalued. High valuation multiples can last forever if the company is able to maintain its trajectory.
PME Price at posting:
$194.41 Sentiment: Buy Disclosure: Held
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