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by adam_arthur
1263 days ago
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This works if what you’re buying is fair value. Plenty of dotcom names went to 0, or took 15+ years to break even. As long as there’s a future for the company and valuation is fair, you should be fine though. I’m doing the same. My threshold is roughly PE 15 or less with strong balance sheet and decent growth. Lots of REITs that are pretty sure bets at closer to 10x or lower multiples. Still would not buy any 10x or more PS companies. By and large going to be stinkers over the next decade imo |
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