Bought in to Ramsay today. Half as much as I wanted but didn't have access to the other half. Plus I have a suspicion it *might* dip down to like $58. It clearly wants to break the $60 line it has bounced off since 2015.
But then again.....it has bounced off it since 2015.
As Madamanswer said. The long term value remains quite attractive at this level. Sure it might dip some more but it would be quite a surprise to see it tank to like $50 or something. I think the downside has been priced in so far. Sure there might be room for more downside by a bit but one can never pick the bottom.
Like many I think we might be near or at it today. But who knows. End of the day I think if I hold this stock for a another 1...or even 3/4 years I'll do fine.
I do hope that RHC doesn't do a "big banks" routine and realise overseas expansion isn't working and "come back" to Australia. Thats about my only worry.
RHC Price at posting:
$60.18 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)