I hope you’re wrong because an emergency rate cut would send global markets and commodities tumbling hard.
An emergency rate cut would most certainly mean the economic cycle is over. And commodities being a cyclical trade, would not be the place to be. So unless this company proves up on previous results, the company should move to a fairer value.
At least the people that matter in the .32 placement are still heavily in the green. The major shareholders average price is something I’d be interested in knowing.
AGC Price at posting:
23.5¢ Sentiment: Hold Disclosure: Not Held
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