I do agree that the CEO should not have publicly praised chairman Dan. A lot of economic suffering and unnecessary fear has resulted from the snap lockdowns.
It is perhaps because of the past failures that Dan took the abundance of caution when there are unknowns surrounding how much the virus has spread (from the airport). Of course only in hindsight do we know that perhaps the situation is not as bad as the worse-case scenario where the more infectious strain would have been exported from Melbourne. Contact tracing is only easy when there are a few cases, but is impossible when there are hundreds. Regardless, I would never agree that a snap lockdown is appropriate, on top of mandatory mask wearing and I hope Dan would come to his senses when the most vulnerable are indeed vaccinated, the rest of us can get on with living life with a bit of risk (of catching and recovering naturally from COVID).
Regardless of the CEO and chairman Dan, now is definitely the worse time to sell. The best time to sell is when everything is OK, developments are all on schedule, profits are rising, interest rates are rising, SP is fair or above value.
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