ALU 0.00% $68.33 altium limited

ALU vs WTC (Altium Undervalued), page-22

  1. 910 Posts.
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    Disagree. ALU seems to reach a floor at $34. It's been bouncing from there for weeks. Every time it's slid below, I've bought more and never hesitated. Hardly getting 'punished' but inline with many other falls in high profile companies. But I sincerely hope that you're right for 'way more downside.' I would happily continue to buy into this profitable company that has a couple hundred mil. in the bank, bugger all debt, growing revenue, growing dividend, global presence, highly ambitious, well run, awesome product...blah blah blah.

    All I can say is that I'm so happy they told Autodesk to jam it. Altium is a terrific company and one of the best tech shares that we have on the ASX (in my opinion). To lose them to the yanks would've been a travesty.

    The sell off will pass and in the not too distant future, people will look back and say "jeez, that was the time that I should've showed some conviction" instead of listening to all the pros telling you to buy price taking mining stocks. Companies like ALU and other high quality companies simply just don't vanish because of inflation or the threat of rising interest rates.

    I'm in for the long haul with Altium and I'm not going to die wondering. Just like CSL earlier in the week, low $240's was like a gift. Just like when ALU was back in the low $24's back in May 2021. A gift that will surely keep on giving over time.

    Thanks.
 
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