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28-04-2024, 10:13 AM
As a value investor, I have been told not to watch prices daily. But given the general upbeat, you may miss the opportunity if you do not do this. Take Ternium as an example
Ternium and its subsidiaries manufacture, process, and sell various steel products mainly in South America. This is cyclical company that is fundamentally sound. It doubled its revenue over the past 12 years through organic growth and acquisitions. It achieved a growing ROE with corresponding improvements in operating efficiencies.
![[Image: Ternium.png]](https://i.postimg.cc/xCfGy3j6/Ternium.png)
When I last valued it a couple of weeks ago, there was a margin of safety. But prices have been trending up with 14% gain since mid Feb 2024. Find out more from page 20 of INVEST.
Moral of the story? Sometimes if you don’t watch price daily, you may miss the boat.
Ternium and its subsidiaries manufacture, process, and sell various steel products mainly in South America. This is cyclical company that is fundamentally sound. It doubled its revenue over the past 12 years through organic growth and acquisitions. It achieved a growing ROE with corresponding improvements in operating efficiencies.
When I last valued it a couple of weeks ago, there was a margin of safety. But prices have been trending up with 14% gain since mid Feb 2024. Find out more from page 20 of INVEST.
Moral of the story? Sometimes if you don’t watch price daily, you may miss the boat.