As I described previously in my case for DHG being a $5 AUD stock, Pellegrino's handling of DHG is blowing away the shorters IMHO.
This quote from Pellegrino on February 15 typifies the DHG listings story, the DHG investment case as a recovery stock and the soon to be DHG run IMHO "We are confident in the long-run trends of this business. We're also confident that we have looked at our cost base and we're focusing on what we can control, which is the average revenue per listing and the value that we provide to agents and vendors, and that will withstand us through any property cycle."
Even Owen Wilson, CEO of REA, says this is playing out and REA did not fall anything like what DHG fell.
DHG Price at posting:
$2.91 Sentiment: Buy Disclosure: Held
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