A series of unfortunate events is just continuing. Now, the company itself expects a likely loss this year (from -$1 to +$1 per stock), plus a depletions and shipments growth next year of low double-digits at the most. Then what should an investor expect? A 15-20 forward P/E at the most, if you are still optimistic. Which gives us around $300 per stock or less...
Fundamentally, this company meets most of the criteria for multiple baggers. Yes, it already is, in fact, a 100 bagger. But given the long term and current growth rates, it still has huge potential. P/E is much lower than the CAGR of earnings per share. It's a bargain at the current price.
The quarter results, that came in yesterday: revenue growth 52% YoY. EPS...
I believe, the moment has come to buy this large profitable business at a great price as a long-term investment. At $11.85-12 there is what looks like a very strong support, going back to February 2017.
Now, the P/E is around 3, with no particular debt problems and a hefty net margin of more than 30%. The upcoming decline in the price of iron ore is already priced...
