Everyone is looking at growth stocks. However many of these growth stocks with PE ratios of 30 or more are extremely speculative. For example BKL has a profit of 17 million for the 1st quarter with a market cap of 1.9 billion. Qan has a profit of 850 million for the 1st half and a PE of 6 a market cap of 6 billion. Will BKL ever make 1/3rd of 850 million per half year? I think not. The reality is that lots of stocks on the ASX are grossly overvalued and QAN isn't. Do I expect QAN to continue making profits exceeding a billion dollars a year for the next couple of years. Yes. Do I expect BKL to grow profits 1000% to even come close to QAN in value. Nope. So I put my money in a company which will continue to have superb cash flow and let others speculate. You could pick pretty much any company in the ASX and do a comparison and I don't think you will find better value for money.
- Forums
- ASX - By Stock
- qantas article: bearish and rightly so
Everyone is looking at growth stocks. However many of these...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QAN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.24 |
Change
0.075(1.05%) |
Mkt cap ! $11.32B |
Open | High | Low | Value | Volume |
$7.16 | $7.34 | $7.13 | $30.82M | 4.243M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 23781 | $7.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.24 | 10272 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 22794 | 7.230 |
36 | 58489 | 7.220 |
17 | 24094 | 7.210 |
22 | 57736 | 7.200 |
10 | 88038 | 7.190 |
Price($) | Vol. | No. |
---|---|---|
7.240 | 14698 | 26 |
7.250 | 38016 | 42 |
7.260 | 25635 | 20 |
7.270 | 78509 | 19 |
7.280 | 39124 | 15 |
Last trade - 14.20pm 18/09/2024 (20 minute delay) ? |
Featured News
QAN (ASX) Chart |