Keen on peoples thoughts on this. SUL has collapsed approx 21% since their AGM - so how much of that fall is related to "retirement" announcement, against some of the softish statements around consumer spend? There isn't a obvious direct comparative to SUL from a business model perspective, but HVN is down nearly 15% from it's recent highs and JBH down 12%. Would it be fair to say, that outside of the "retirement" announcement, a 10% fall "may" have been on the cards? I love the fundamentals of the company, and accepting the risk of a change of MD in mid-2019, does the over-sold factor account for the additional 10%+? For transparency, I have an intrinsic value range between $8 and $9
SUL Price at posting:
$7.38 Sentiment: Buy Disclosure: Held
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