SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: bruwin who wrote (74086)10/28/2023 10:38:46 PM
From: Spekulatius  Read Replies (1) | Respond to of 78528
 
PCP had a lot of their business supplying the O&G industry and we know the bottom fell out when oil tanked in 2014. WEB pretty much top ticked PCP right before the bottom fell out.

PCP also had operational issues , they were run extremely lean to make them pretty for a sale. Those factors made it much more so a bad buy than paying 18x earnings. 18x earnings would have been Ok, if they had kept growing,