Hi Spider,
I came across this article highlighting the slowdown in PC demand. However, I was having a bit of a lazy think about the past three years and it's obvious to all that covid pulled forward demand for many stocks and one of those beneficiaries was DDR. It was only a matter of time before there was a pullback in demand.
But nothing stands still. New products and technology will hit the market and also, nothing lasts forever. I'm of the view that the pullback in demand will reverse and in time, much of the products that were purchased during covid may already require updating or replacement. I'm quite happy to buy during pullbacks and continue to re-invest my dividends. I still don't envisage a sharp turnaround anytime soon. Personally, I'm in no rush.
Lastly, congratulations on owning DDR from .46c - I'm envious.
https://www.reuters.com/technology/global-pc-shipments-decline-eases-q2-apple-outperforms-macbook-air-demand-2023-07-11/
Ann: Q1 FY23 Market Update, page-59
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Last
$10.29 |
Change
0.070(0.68%) |
Mkt cap ! $1.856B | |||
| Open | High | Low | Value | Volume |
| $10.25 | $10.29 | $10.11 | $1.662M | 162.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 482 | $10.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.30 | 819 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| DDR (ASX) Chart |