I think it's falling due to PE compression. A lot of high PE stocks EG Woolworths, Orica have fallen a lot in the past few weeks. It's hard to keep trading at 25 times earning when the rest of the market's trading at 11, no matter how good the growth story.
- Forums
- ASX - By Stock
- why is the price of lei falling
I think it's falling due to PE compression. A lot of high PE...
Featured News
Add LEI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online