lol, Who would have thought FPH would have turned out to be a defensive stock?
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lol, Who would have thought FPH would have turned out to be a defensive stock?
Every time i think this (and RMD) are way overvalued and sell down some more, guess what happens , it reaches new highs!. Its been "overvalued" for a long time. It and RMD are in an amazing niche especially with sleep apnoea, a recognised and part funded health problem, the effect of which causes people to die falling asleep at the wheel or to be under productive at work etc. Always watching for a bend at the end of the trend which never ends of this multibagger and for competitors with better products(OVN maybe but too early to tell). Then again maybe the bull mkt will end this year and affect all stocks.
When deciding whether to invest in FPH, I would suggest graphing PE over time to see if it's a good time to buy.
I would also try to apply some predictions of forward PE, present and upcoming market sentiment.
FPH up 4.46% this morning. Someone's forecasting a greater need for respiratory equipment!
So - how good are the analysts? Here is the 4th review in my little series ...
Stock: FPH
Prediction month: January 2019
Forecast month: January 2020
Peak share price during prediction month $14.10 Consensus forecast $12.71 achieved peak shareprice in forecast month $23.30 65% SP rise and 83% above forecast - PREDICTION FAIL consensus recommendation underperform (1,9/10) actual 12 month growth vs NZX50 outperformed NZX50 by 50% PREDICTION FAIL
Rating of the analysts so far:
4 stocks checked (checking for each consensus and buy recommendation);
predictions correct: 1
predictions wrong: 7
analyst hitrate so far: 12.5%
Ouch.
Cracked the quarter ton today ($25). Congrats to all of the holders. FPH reminds me of a quiet Xero from yesteryear.