I believe, the moment has come to buy this large profitable business at a great price as a long-term investment. At $11.85-12 there is what looks like a very strong support, going back to February 2017.
Now, the P/E is around 3, with no particular debt problems and a hefty net margin of more than 30%. The upcoming decline in the price of iron ore is already priced in, according to my estimates.
Now, the P/E is around 3, with no particular debt problems and a hefty net margin of more than 30%. The upcoming decline in the price of iron ore is already priced in, according to my estimates.