Once you and me sell out of fear & frustrations......this will start moving up.
It obviously had a bad September quarter. However the company has maintained it's FY 20 guidance.
I suspect what is happening is accumulation. Sadly the stock has just entered the accumulation zone and may stay here or even go down for few months.
There is very little retail involvement as 92.5% of the stock is held by Institutions.
My guess is after the institutions get their fill and take the shares from the last of the retail people.....this will start moving up. Could be few months away.
NCM is relatively at a very attractive price from a long term view.
NCM Price at posting:
$31.11 Sentiment: Buy Disclosure: Held
