I understand your view point, but I don't necessarily agree with it. For starters, it would be a brave person who called today the end of growth in technology spend. But even if you were right, the company is still paying out some 8% in fully franked dividends even with no growth. Finally, even with no overall growth, I can't see David Dicker stopping any plans to capture more of the existing market.
I know there has been some downward pressure on the SP recently, which I can't explain other than a significant shareholder reducing their holding. But for me I'm holding on for a few years yet.
DDR Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
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