2. Decline in housing prices in major Aus cities, analysts predicting further drops - fear for current holders with weak hands; potential investors hesitant and want to assess the housing situation; shorters finally have an opportunity to enter positions in a real estate stock.
3. CEO disposed of approx 250,000 ordinary shares recently, causing fear for some holders. More fear.
The good:
1. Majority of VLW developments not in areas of price declines.
2. Stock now trading at over 10% lower than NTA.
3. 3million shorted stocks need to be re-bought at some stage.
4. VLW historically very reliable with earnings and consistently profitable.
IMHO easy buy in a weeks time, 10-20% gains to be had at current price at some stage in the next 1-6 months. DYOR
Arty
VLW Price at posting:
$2.05 Sentiment: Hold Disclosure: Held