Look no further than the short term interests of large funds who short these businesses into positions that make them targets & push views that support their confected view. At one point late last year TGR had over 20mil shares shorted. From memory TGR was amongst the top 10.
Proponents suggest this practice is vital to a proper functioning market.
Well to me it's had a hand in losing another unique Australian business to O/S interests for a poultry $5.23 so I think not.
Short termism robs you of future possibilities.
I'm not sure $5.23 values that future fully which is why Cooke wants it NOW!
TGR Price at posting:
$4.89 Sentiment: Hold Disclosure: Held
