Their sector peers have been falling, so, all else being equal, the Swick SP would have probably fallen anyway.
It is all about the macro at them moment. Though, just quietly, as much as value stocks are falling at the moment, there are a few 'growth' stocks that are looking truly ugly going forward. Just saying.
The macro will tell us where we are in the cycle- the SPs of drillers and mining contractors do not reflect the high point of the cycle- so for me the risk in this sector is less for new buyers.
IMHO DYOR
DDH Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
