My review of the numbers and commentary is that: 1. DOW has demonstrated that it is well on the way to way to recovery (previously only suspected of being in recovery mode!) 2. EPS of 9.8cps for the half if annualised puts it on a current PE of 25 (at sp of $4.90), but expectation is for margin to nearly double by FY2025 3. debt reduced 4. legacy and underperforming businesses removed or being dealt with 5. large long-life contracts 6. discipline being reinstated into projects and bidding 7. happy to pay a dividend
So DOW may once again be seen as a reliable company for institutions to hold for medium to long term.
DOW Price at posting:
$4.87 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)