Looking for a SP correction towards circa $75 going forward. DMP SP has clearly been oversold as a result of the recent backwards looking report (emphasis on backwards). The markets are obviously forward looking and whilst inflationary pressures have been worse than expected by management, brokers and some shareholders (including myself) the SP does not reflect the significant growth potential going forward (think the expansion into Germany for example). For the record, I think the recent miss reflect the peak of the inflationary impact on the business and I maintain DMP is a $100 stock, no doubt. I’m saying this from the perspective of a long term holder, not someone who gets emotional based on a poor quarter or HY Report - these things happen in business. Not advice but for mine, DMP is an exceptional business that has encountered worse inflationary pressures than most anticipated but is looking very attractive at these levels and I am an accumulator. For those who sh*t can a stock that actually hold because of a short term blip to me is shortsighted and foolish - that mentality belongs at the casino or on their therapists couch. Great buying opportunity for mine at the moment and I’m happy to be contrarian GLTAH!
DMP Price at posting:
$46.14 Sentiment: Buy Disclosure: Held
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