Ann: 2023 FY ASX Results Announcement, page-53

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KeenDog

1,012 Posts.

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03/02/24

10:18

Post #: 72217984
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Originally posted by Burgerbuns: ↑

I was going to post a comment yesterday about how pleased I am that I've been topping up and not been anchored to my buy in price. But usually when I post something positive, the worm turns. But now, I have a truck load of Altium shares. More than I ever dreamed that I would one day own. Suddenly, it's more than a growth stock. It's now an income stock as well. I've been tempted to take some profits, but I just can't do it and so far, it's been the right non decision. Just do nothing.

Jeez, I would love to be in the situation of some of the early investors on these forums. Altium still seems to polarise the market. I think that the half year report and then the full year report this year will be pivotal. We could see a massive re-rate either way. Stating the obvious right? This stock still has its detractors. Some analysts believe that A.I. will kill the electronics design industry and therefore kill Altium. Just like weight loss drugs would kill Resmeds business...

When I initially responded to your comment, I was being conservative. I don't want to jinx Altium but I do believe that the comment that you made about Altium having a 6 in front of if it, is a legit comment to make. So far, Altium has proved that applying the rule of 72 is a real thing.

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Love your work BB... The old adage about finding great companies at a fair price to hold for years rings true on ALU (and a few others we both hold)

Growth stocks acting as an income stock- double win and a hat tip in your direction.

ALU Price at posting: $51.85 Sentiment: Buy Disclosure: Held
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0 Great analysis

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