Remember, god is fair. U cannot steal from others and cause people to lose their livelihood and then say I want to have a happy ending. No such thing. Too bad for the old fart. He will not die with a good legacy. At least Warren buffett when he dies, people remember him as a great investor. But not even the rat in the street even remember him.
Such content in the article were totally contradicted from previous articles written by uncle. Last time, uncle aggressively called buy for supermx. However, now different.
Please take a look PE of Glove Manufacturer Mercator Medical. Ticker is WSE:MRC Current PE is 2.5 for 2020, PE for last year (with latest earnings estimate from this week) is 1.9. There's no other glove company with such low PE. All Free Float can be procured with current price for less than 250 mln USD. Please support and share. Looks that someone is making fun of shareholders. Especially when all other Glove companies returned to positive trend. If you look on current price you'll know it's a joke.
My sifu told me in economics...if u keep the product prices too high & u continue make super profit....eventually u attract many many more players & competitors...and this will cause the ASP to drop very fast...and eventually it will cause a huge gluts in the industry as all the players are unable to stop or reduce production, bcos of committed fixed or sunked cost loh!
Thus longer run business prospect will be a disaster...they will be shake out loh!
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Posted by Mabel > 2021-04-22 21:51 | Report Abuse
Feel sorry for uncle...
I can see he is crying while writing this article..
Meow