PE not really valid for AHF, u need to take a balance sheet approach and forecast EBITDA sum of its parts approach taking into account CDC. AHF's SP was almost back to 30c (29.5c in April last year and the risk return trade looks like returning on a technical basis at it runs up after March.
A lot of the agri companies turn in March from bearish to bullish sentiment IMHO. Gold and gold stocks are similar. These price cycles do not especially make sense to me but they do seem to hold. I think the bots and recent trading algorithms exacerbate the problem.
Trading bots do not yet have AI on sentiment shifts and do not apply ex ante emotion or sentiments to their trading, they are all ex post from what I can tell. That ex post nature can take into account trading cycles and seasonality but it is a self selection type program and IMHO a human can beat them on a better than average basis.
AHF Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
