Isn't that when you are supposed to invest in commodity like businesses ie at the the bottom of cycle when the commodity price is low, profits are low and PEs are high?
Not at the top of the cycle when commodity prices are high, profits are high and the PEs are low.
Isn't that when you are supposed to invest in commodity like...
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$2.89 |
Change
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Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.93 | $2.86 | $63.54M | 21.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2073 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 215474 | 12 |
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| PLS (ASX) Chart |