Pretty much this. Widespread sell off in the underlying assets HMC owns, HCW and DGT.
On HCW, i think in the long run HMC will find a way to grow FUM and win off it. On DGT, I think the market is in a bit of panic mode over the trade wars. We have to hope it doesnt escalate to Semiconducters and Taiwain, risks derailing the whole AI trade.
Market has been in selling yesterdays winners mode. HMC remains extremely cheap in my view. Long term I think it an extremely solid bet. Market dislocations offer opportunities for people like David.
HMC Price at posting:
$8.60 Sentiment: Buy Disclosure: Held
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