RE: Looks like another NR another BIGCAE has always been "overvalued", even when I bought it at $7 way back when. At that time, it had LOTS of hair on it, and short term, was not a good investment as it went down to the $5 area soon after, and formed a long base around that level.
You make a good point about end of cycle risks though, however, that pertains to MANY stocks out there, several of which are in my portfolio, and cause for worry.
Anyway, my point here today is that CAE has always had rich metrics, in both good and bad times. In my very diversified portfolio, CAE is not a stock I worry too much about, meaning I have far bigger worries to address/watch.