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I am buying HY for the free
cash flow. Follow Warren Buffett's investment strategy. Buy companies for the free cash flow provided the valuation is reasonable. HY is expected to make Rm3-4 in 2026 alone. Now it is 2.60 only. Below its FCF in 1 year. HY should be trading at 4x FCF = 25% ROI. Even if the war ends tmr, the world still need to replenish the draw down of reserves which is almost 1 b barrels.
When a company is trading below its FCF, buy.