Damn Parker son, candlestick indicating hammer support. And you sold out......because a) Soros attempting to use media to make himself richer b) someone shot some cows a while ago or c) it had gone up some. Damn...i hope you didnt short it......did you?
Im just jealous as I dont know how to short.
A realistic value for AAC based on fundamentals and todays profits is $1.84 at PE 20.
Considering future growth and the large efforts placed on building up the Wagyu herd (vastly higher profit margins), the use of genetics for stock improvement (genes, environment and epigenetics dictate phenotype, but no one is expecting you to know this base on your comments) and a general indication that they have their head screwed on right, i reckon a PE of 25 is justified which equals...... $2.30
Future growth in earnings is justified as...wait for it...............higher margins mean that if seasonal sheet hits the fan i.e. drought (there will always be another drought, or flood etc).....you still make money when you have to buy feed for stock.
But no one was expecting you to think of this either....based on your comments.
But thanks for the entertainment, I had a slow day today.
Beef prices fell 75% during Great Depression in US, page-3
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Last
$1.37 |
Change
-0.005(0.36%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.38 | $1.36 | $83.57K | 61.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28673 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 9999 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
