Not much reasoning behind his statement.
Rising inflation and interest rates have finally led to lower consumer spending which affects packaging etc (part of a normal cycle).
While some investors would see this part of the cycle as the new norm, I myself would look at it as a long term wealth creation opportunity.
Only an opinion, just like Tim's.
Share price weakness, page-7
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Last
$16.36 |
Change
0.180(1.11%) |
Mkt cap ! $9.929B | |||
| Open | High | Low | Value | Volume |
| $16.20 | $16.38 | $16.20 | $19.57M | 1.199M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7924 | $16.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.37 | 318 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| AMC (ASX) Chart |