RE:RE:Better Analysis
Captain71 wrote: “missed heavily on EPS estimates…” thanks Wignall.
Some of you posters here will have to get hold of 5i and other research firms to let them know profitability is not important for a company and lack of earnings is no good reason for companies like STC to be underperforming so bad.
Let me know how that goes for ya?
GLTA
I can show you a bunch of companies that are very profitable and are tanking. The company is not going down because it's eps is negative.
If history repeats itself, and the average bear market is about one year, then we are about halfway there with further downside ahead.
There have been 26 bear markets since 1929 and 15 of them have been recessions or slightly more than 50% of the time. The average drawdown of a bear market is 36% which implies that we could see a further 10%+ drop in the markets. If a recession is confirmed, this is almost a certainty.