Originally Posted by
SailorRob
Mav posted this 15 Months ago.
Just no point making short term predictions.
Anything can happen, this is why process vs outcome. Study the model and know that it will work in the long term.
"ARV and OCA PE were about 19/20 about 6 months ago when everything was property positive, oil was cheap enough, inflation was transitory and our smug little hermit nation was ticking along fine. See where I'm going with this. So now ARV and OCA have had PE compression all the way down to 12.5-13.Yes, RYM and SUM have too of course but run on different multiples. This is the next clue that the readjustment is now complete as i've never known PEs of ARV or OCA ever to go below this".