Yeah, it's an annoying mental barrier most of us have where we see it as easier to average down (on often worse companies) than average up on good ones. Takes some time to shake.
Personally for me I've trained myself past it at this point.
Regarding CAA specifically, the sheer amount of government focus on construction being pushed now (even if we head into a possible recession) for the rest of the decade positions these guys very well moving forward IMO. Current management seem to have their sh*t together.
I'll likely keep buying more of this for the rest of the year as it's still well under fair value based on fundamentals and much of the rest of the ASX looks overvalued and/or far less appealing due to other factors like excessive debt, etc.
CAA Price at posting:
$8.17 Sentiment: Buy Disclosure: Held
