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Fundamentals goes out the window when the fear is on Mr Market....

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685 Posts.

123

30/10/18

13:50

Post #: 36314729
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Originally posted by angelus512 ↑

Ok. So give that can somebody perhaps explain to me why the shareprice has taken an absolute cricket bat to the face? Like this stock looks hands on to hit 5.00 at this point.
But then again perhaps a PE of 14.5 is still too high in current climate of housing weakness in Australia, housing starts declining in the US and curreny sharemarket sentiment.

I might be wrong on the PE as I haven't dived in properly, I'm just letting the usual iOS stock app tell me the PE at the moment.

But still this price is getting the lowest its been in 5 years or close to. If it hits 5.00 I think anybody who bought at that level would be well served to feel comfort in 2-3 years its definitely a fair wack higher than that figure.

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Fundamentals goes out the window when the fear is on Mr Market.
Waiting for a blow off before buying back in. GLTA its been a wild ride with this one but like a bad relationship I keep going back.

BLD Price at posting: $5.36 Sentiment: Hold Disclosure: Held
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