Alex I had a look at the book values and most banks to approach book value will half...now a 50% correction has happened before and many shares may well come back more than expected..not because they deserve it...but because the contagion is coming from the overvalued US market and all other markets copy the USA ..You may well ask why??? Some may say recession will spread affecting profits every where...some may rightly say in Europe and the UK and the USA there is a movement to the right and this may cause a break in confidence ..Some may say just overvalued markets ..others may say a correction is due because corrections occur!!!?? I don't know ...but I know it's happening!!!!How long will it last..Will it be the flower of an hour? Let's hope it's sharp and quick and we move on..unfortunately things don't work that way!!!.... All I know is WHC is becoming a bigger and bigger buying opportunity.. All governments will stimulate ,lower interest rates to get growth and steel use will rise and so will the demand for Steel Coal. All the Best to All
WHC Price at posting:
$7.34 Sentiment: Buy Disclosure: Held
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