yep - I rekon you are correct !
normally, in any rebound - the producers run 1st, followed by the developers, then the explorers, then the specs ......
I see what you are saying regarding the "long base" - and this is often a sign of collection .......
imho (assuming they get throu next period re repayments) - then stock has potential to get "rewarded" twice .....viz:
1. expectations of rebound in earnings - essentially operational leverage .....
2. mr market then re-prices the earnings base from 4-6 times to 9-11 times
over like a 3yr period .....my personal experience of this is via CBA in the mid 90's, ditto tls.....(perceptions of growth stock) .........however - this was just a play on yields (in process of evaporating ........lol !)
........and then "boring" infrastructure stocks in gfc, ditto several LPT's ......
rgds
V_H
yep - I rekon you are correct ! normally, in any rebound - the...
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