Quote:
quote:Originally posted by Snoopy
A lot of water has to flow under the bridge before NZ farmers conquer Asia. The one thing that is certain about farming is that the unexpected happens. If the weather beats down the price of PGW shares in the future, as it surely will, then I am a buyer. In the meantime I am quite happy to hang onto my holding. If PGW really is on a P/E of 21 a lot of the improvement over the next year or two is already built into the share price. Personally, I'll be chuffed if PGW hits $2 over the next twelve months.
SNOOPY
discl: hold PGW
SNOOPY, What a whole lot of guff you write. Are you expecting us to beleave that you were holding shares in a company at $2-30 something watch them fall to $1-70 something then say you would be happy if they reach $2-00 in 12 months. Either you have no system at all or your real name is mary holm.
Fundamental analysis as you have proved, is as useless as tits on a bull. It all boils down to perception as i have told you in the past.
It is how the investors perceive the market, not the PE. Look at your analysis on TEL, RBD, pages and pages of what turned into be useless tripe. The market is controlled by emotion, not mathematics.
Understanding the investors next move has nothing to do with the PE of a company. This is a very good share to trade, it goes to high then drops to low with no risk of losing the lot. If you trade PGW you will make three times as much as your buy and hold method.
MACDUNK