Originally posted by KainCarver
It's far more complicated than what I'm about to write here, but overall the shift in sentiment is due to many factors such as uncertainty in the global outlook, the tightening of monetary policy, the slowing of growth, the recent trade war talk from Trump (additional 200b of China goods to 25% from 10%), brexit, the Fed's chairman Jerome Powell's speech on Wednesday and in particular the general distrust of and pessimism towards the FAANGs. Now throw in rumours of regulations, anti-trust laws along with nebulous guidance (see Apple etc) and the whole sector has grown sour and incalculable. Then add on top of that how useless most Australian investors are with their lack of foresight and you have something approaching an answer.
My 2c anyway, though very happy for others to enlighten me too.
I agree with everything you say. This is a market leading company with Platinum endorsement from the [tempoarily ]worlds biggest company which is seeing a resurgence of its fortunes as it moves into the cloud and AI. In the fast moving environment in which it operates there are the fast and the dead. They have the [in my opinion ]correct model. team and technology to become a work wide business. I have been in the market for over 50 and I see LVT as a real opportunity as an investor for considerable returns over the next 2/3years. Only my view of course.
