I remember saying to myself I would sell when it hit $2...same at $5...$6...$8...$10 and so on
I am glad I never sold as each time the company has continued to grow and become more valuable than expected.
Yes, the price is down. But what has changed? A very slight miss to earnings last FY and a small narrowing of margin as we invest more in revenue.
The rest is spectulation.
Economics 101. Either low volume / high margin or high volume / lower margin
Which will equal more profit? We shall soon see.
In the meantime let the bankers make their money, but I'll keep holding. Why? Is there a better company out there as cheap with higher growth potential. Not that I have found...
Until then my investment is in the best place.
Media Updates, page-3181
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Last
$6.85 |
Change
-0.030(0.44%) |
Mkt cap ! $4.959B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.98 | $6.83 | $8.186M | 1.185M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31146 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.32 | 293 | 1 |
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| A2M (ASX) Chart |