I prefer the discussions you all have above - all the business, incentives, valuations, competitors. Din pay much attention to MI previous as PE20 but it is moving up. The recent announcement probably give good impression.
I saw a comment says telling ppl to chase high is unreasonable. He should realise that price can goes higher but value can get cheaper as earning grows. Follow the PE but not the price.
The reason those smart analysts came up with peg is because high growth industries have higher pe than stable industries thus makes the earlier look more expensive. Bear in mind peg brought many ppl to Holland because it involves earning growth projection. How accurately can u project earning if u can't even answer simple questions that I posted earlier? Unless u r insiders better refrain from peg. Compare apple to apple (pe of co with same business nature) then u don need peg. Yes. Roe is another good metric.
I have seen my paper gain rose from 0 to 10%. Then 10% to negative. Negative to 20%. 20% dropped to 15%. Recently 35%. Now dropped to 32%. I did nothing. Price is what I pay for. Value is what I get. Just remember MI is creating shareholders' value.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Hwai Hooi
2,249 posts
Posted by Hwai Hooi > 2019-09-17 13:01 | Report Abuse
let see afternoon .....