Personally not a comodity investor, unless its super great deal like Valeura. I personally have 3 bets in middle Europe, 4mass, polish growing cosmetics company ať single digit P/E with 1/8 of market cap in buyback fund, XTPL, deep tech with interesting technology that might turn profitable in next 12-24 months and Vilkyskiu Pienine, which is milk products producer at P/E 4, that will finish new capacity increasing revenues by 50% in 2025.
Poland is great market full of hidden gems and as you said, valuations are put under preassure by high bond yields and war.
Do you know what's their cost of mining copper? If they're a high cost producer the share price will reflect that. I'm not sure a P/S ratio is apropriate for valuate mining companies.
Wait... I thought Portillo's was the kielbasa trade on this sub?
I lost a lot of money on this stock last year due to my own mistakes.
Anyway, KGHM Stock price is highly correlated to silver price. If u want it long-term, consider buying when silver is down.
Great insight, thank you
Personally not a comodity investor, unless its super great deal like Valeura. I personally have 3 bets in middle Europe, 4mass, polish growing cosmetics company ať single digit P/E with 1/8 of market cap in buyback fund, XTPL, deep tech with interesting technology that might turn profitable in next 12-24 months and Vilkyskiu Pienine, which is milk products producer at P/E 4, that will finish new capacity increasing revenues by 50% in 2025.
Poland is great market full of hidden gems and as you said, valuations are put under preassure by high bond yields and war.
Yeah, I know there are a lot of great small caps in Poland. It's just so hard to do due diligence.
you can always consult me, I am the native and have a lot of contacts in PL ;)
Do you know what's their cost of mining copper? If they're a high cost producer the share price will reflect that. I'm not sure a P/S ratio is apropriate for valuate mining companies.
The really big problem is the capital allocation policy. High cost miners have more torque to rising prices.