Agree, CCP looks quite positive but having just had a quick scan of the ASX - so do the majority of stocks that are mid-cap or better. Not sure I see your $23 target in the short term but if you look back at the GFC price fell off a cliff back then as well and after bottoming it just rose nicely until the virus popped up - rising from about $0.38 to $38. Hope it does that again for you. A good buy as a long term hold- but as a trader I'm still cautious about the market possibly retesting its lows before a sustained rise. I'm also staying clear of financials and while there will be plenty of small debts around after the job losses etc, coming from the finance industry in that area, I'm not sure collection of same (CCP's business) is going to be permitted to continue as normal - ie probable regulatory restrictions on beating debtors around the ears! But perhaps I'm just being overly cautious.
CCP Price at posting:
$16.28 Sentiment: Buy Disclosure: Not Held
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