The odds of winning Powerball is 1 in 134.5 million. Multiplied by the cost of the game ($1.20) means its only rational to play if the jackpot is over $161 million -- and that's if it isn't shared! In which case, no return on $60 saved is still a better probability-weighted outcome!
Looking at its past and its articulated, conservative strategy based on cash flow generation, we are confident the firm is able to provide the returns going forward to allow a certain payback on investment at current share prices. As the market becomes more sure of this, itsearnings multiple will re-rate accordingly. On this basis of fundamental investing, we would be quite happy buying Incitec at current levels. Contact me at email@example.com