yea im in no hurry to sell. 12 mths of solid growth ahead + some aquisitions to come. 2024 mght see some slowdown but to what extent who knows for sure yet
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steel an tube been badly managed for nearly 20 years if your looking at a chart. 4.50 to 50c says it all. i dont need to forecast a price to understand that malpass management will determine if it gets back to highs.
i worked with malpass years ago and know his style so things are panning out as expected so far. the true test will be as they say making the company more resilient to a slowing in activity.
bit hard not to forecast in any aspect of investing really isnt it. thats why i had to have a laugh over that oaktree article you posted from a guy who says he never forecasts lol but on one hand says we managed difficult environments well by adjusting our portfolio's to suit what was ahead. my muppet comment was just a bit of a stir
Exactly. Forecasting macroeconomics is for muppets. Not businesses.
Best method of conservatively forecasting STU is long period of past performance, which puts intrinsic value at $1.50. Could do better but the money was made by anticipating they would return to the mean long term performance and purchasing in bulk between 50 and 80 cents. From here foreword is too unclear.