Even the analyts dont agree the share price rise in HME is justified. Prior to the rise the last few months the forward multiple was looking stretched.
Doesnt mean a company has turned itself around when a share price rises. Volex rebounded from its lows but the co is still in dire straits. Its more of a concern when a share price rises when the company aint turned itself around cos the share price can correct itself and rather rapidly and leave investors out of pocket.
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