Buying shares in the best businesses can build meaningful wealth for you and your family. And highest quality companies can see their share prices grow by huge amounts. To wit, the K92 Mining Inc. (TSE:KNT) share price has soared 317% over five years. If that doesn’t get you thinking about long term investing, we don’t know what will. On top of that, the share price is up 39% in about a quarter.
After a strong gain in the past week, it’s worth seeing if longer term returns have been driven by improving fundamentals.
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company’s share price and its earnings per share…
