FBU 0.35% $2.85 fletcher building limited

1. Bad business model 2. Bad balance sheet 3. Bad managers 4....

  1. 16,426 Posts.
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    1. Bad business model
    2. Bad balance sheet
    3. Bad managers
    4. Bad industry structure
    5. Bad macroeconomic conditions.

    Little wonder the stock is currently trading at more than 2-decade lows.

    Items 1 to 4 are permanent/semi-permanent, so the only reason to own the stock is because Item 5 might somehow magically turn around.

    But given some of the structural constraints in place, I wouldn't hold my breath waiting for that to transpire.

    .
 
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$2.81 $2.85 $2.75 $5.400M 1.927M

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2 4754 $2.84
 

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$2.85 10938 4
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Last trade - 16.10pm 06/06/2024 (20 minute delay) ?
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$2.85
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