189.36BMarket Cap57.14P/E (TTM)
0.00High0.00Low0lotVolume0.00Open42.34Pre Close0.00Turnover0.00%Turnover Ratio64.05P/E (Static)4.47BShares43.6652wk High3.90P/B189.36BFloat Cap24.8052wk Low46.57Limit Up4.47BShs Float142.12Historical High38.11Limit Down0.00%Amplitude0.06Historical Low0.02Dividend TTM--Avg Price0lotAsk0.05%Div YieldTTM100Lot Size0lotBid
China CSSC Stock Forum
Low p/ES are good for most stocks, but not for cyclical stocks. If cyclical companies start to trade at very low p/es, that is probably a sign that they are near the end of their high. Smart investors are already selling stocks to avoid the risk of a sharp fall.
High p/ES are bad for most stocks, but good for companies in cyclical industries. Usually, it means that the company is coming out of the worst of the mess, that business will soon improve and that the stock price is set to rise steadily.
As soon as the economy starts to slump, I focus on these stocks, hoping to invest at the bottom of the cycle. When things couldn't get any worse, things started to get better again. A downtrodden cyclical company will surely return with a strong balance sheet.
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