Lucky Dog - happy for you. You certainly used good judgement! I hope you're wrong, and I'm wrong and the price goes to $80.
But if it does reach $60, sell, because I believe it will remain in the mid $40s to mid $50s. The credit crisis is the spanner in the works of Mac's engineering machinery, and debt is easier to get, the share price is going to stall for a while.
Mac is a complicated beast, and debt is the driver of growth and profit for them. It survives on it.
I hope my pessimistic outlook is all wrong, but I cannot see a certain recovery in the share price for long while yet.
I bought at $76, but confident that things will improve most certainly in the long term.
60, page-6
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Last
$208.73 |
Change
0.880(0.42%) |
Mkt cap ! $79.66B | |||
| Open | High | Low | Value | Volume |
| $208.00 | $209.90 | $207.70 | $76.15M | 365.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $208.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $208.80 | 150 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |