Definitely a risky stock for such a big MC. I looked at it a few weeks back and didn’t buy. I’m not a professional trader or investor, but I had a nibble today at 12.60. I think it will go lower than the closing price, so will consider buying more when the bottom is in. I didn’t see it falling away so late in the day. But I had been waiting for my chance to get in, and 12.6 was so much better than the 17 I’d been considering recently.
Hopefully the new management can steer the ship a bit better. If so, this will be a cash cow. Reasonable divvies too. Can that continue? We’ll see. Happy to take a small punt today and double down if it goes closer to 10. Then wait and watch for a few years. Quality products don’t drop 25% in a day.
TWE Price at posting:
$12.35 Sentiment: Hold Disclosure: Held
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