I thought the exact same thing. How long will they remain speculative......... when they make half a billion dollars in profits?
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Imo when growth rates down to the teens or single digit numbers and the p/e comes back down. And you are correct that this could be when they have grown to have a half billion profit and market cap a bit over $10b. The p/e would then be slightly over 20.
Till then there is a lot of speculation in the share price that rapid growth will be achieved. Probably well justified speculation, but still speculation.
A good stock can be speculative at a particular price.
:cool:
Aussie are paying a 20c NZ premium at the mo the sp is $10.52 over there,is this a good guide to the price going up over here?
https://www.9news.com.au/2018/10/23/...instate-limits
And still they keep on buying!
"A2 has also doubled production of its premium formula, but that's not enough to meet supply."