Again, disagree with the approach. Maybe try to forget the short term market reaction.
The hard questions are: what do you think the results should be? What rate of revenue growth would you be happy with at this price? Can they sustain or potentially increase the growth in the future? Is there a margin of safety when you have done your calculations of value? What chance is there that their future results and court outcomes will be poor? And, most importantly, are there better opportunities elsewhere?
You sold out- did you find somewhere better for your money, or is as term deposit a better option for you?
I have again topped up at 1.65 and 1.61
NXL Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
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