Good thinking, Eddie, and what a coincidence. I bought in at $11 in early December, then topped up at $14, $13 and $12 for an average of $12.50, just like you. I agree with you that a short-term problem shouldn’t distract from the fundamentals of a good company and its long-term prospects, although being underwater is never nice and a test of one’s resolve. I actually want to be holding for a year in order to pay less CGT, so the longer WEB stays down the better, and I would think that within my time frame the share price should go back up to levels that reflect the company’s intrinsic value.
WEB Price at posting:
$11.75 Sentiment: Buy Disclosure: Held
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