Facebook is getting media attention. Most probably from the fact of how young the CEO is and the amount he is worth. Yet the company isn't making money, only selling potential. While the mining companies with real assets are viewed with skepticism. For mining companies, the potential is there, but at the right price: meaning will the demand be there when they are up and running.
People are comfortable buying tech stocks with 50 PE while all they know is how to take pictures on the cell phone and email on their laptops. On the other hand, mining companies, which every human fundamentally understands all aspects of the operation, are undervalued compared to the rising demand and sinking dollar.
IS IT POSSIBLE TO HAVE ALL COMMODITY STOCKS WITH WILD PE RATIOS BEFORE THIS BULL MARKET IS OVER. EXXON WITH 80PE????? 0.05% DIVIDEND????
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