Seriously ? Rather than focusing on any of the rapidly improving fundamentals of the actual SWM business we are here saying that the share price went down briefly during the day because of Kerry Stokes...
What’s next … I had a burnt coffee today … must be because of Kerry Stokes! Stuck in traffic … Thanks again Kerry Stokes! Another parking fine … how dare Kerry Stokes not offer to pay for my inconsiderate parking! As much as it pains me to state the obvious the share price having a breather at 17.5 cents doesn’t constitute evidence of a grand conspiracy by Kerry Stokes to manipulate the share price.
The SWM share price trades at less than 2 times mid cycle earnings of $155m NPAT and is less than 10 weeks away from issuing an earnings upgrade so as far as I’m concerned, any thought given to what the stock does on a Wednesday as opposed to a Friday is completely and utterly irrelevant to the purpose of investing.
''Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.'' Warren Buffett
SWM Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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