I started my buying around then Mike, and have increased my holding with each ridiculous downward movement since then. I have even added more to my holdings today, even after the great run it has had. I believe IMD's current share price is quite mis matched to my conservative estimate of value.
The market is sure to disagree with me in the short term, but I am quite confident that IMD will rise further to it's value in the longer term. I will happily collect the franked dividend while I wait for the market to agree.
IMD is currently only one of a few stocks I am happy to put my investment dollars in to. I feel that a lot of stocks are presently fully to over valued. That may change come reporting period however.
$1.21 looks cheap, but is it a bear trap?, page-23
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Last
$2.13 |
Change
-0.020(0.93%) |
Mkt cap ! $1.090B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.23 | $2.12 | $1.498M | 693.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5823 | $2.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| IMD (ASX) Chart |