Doesn't sound like he was expecting the write-downs in this article. I would be very surprised if he hasn't downgraded his target price, even if its still well above today's price.
Actually I highly agreed with his views following the market downgrade that came with the half-year results, but I've lost all confidence in FXL now. Am genuinely curious as to what his thoughts are today.
FXL Price at posting:
$1.97 Sentiment: Sell Disclosure: Not Held
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