You share my thoughts 100%. We hold around 1.26% of our portfolio in AMC, but agree it could easily deserve to be triple if heavily sold off.
Australia worries me more and more and this is a company who has heavy offshore earnings. I hate going through vanguard middlemen etc for offshore exposure, not to mention US markets etc are too expensive. I’m looking for somewhere to park some offshore exposure without an absurd valuation.
Waiting patiently. May buy a few thousand in the SMSF in the $13s. But ultimately won’t buy big unless AMC has a large dip. Interest rates rising may effect the valuation of this company, although a falling AUD will probably offset that.
AMC Price at posting:
$13.96 Sentiment: Hold Disclosure: Held
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