I took an initial position in this company for the first time today. I was going to jump in a few times recently but noticed this seller still pushing onto the buy side. I will be looking to buy more if it drops lower again but the fundamentals look pretty good for this company and in a market that should benefit from what I see is an unfortunately drawn out impact from Covid 19 and also changes in buyer behaviours. Good Australian brands, supporting Australian jobs and in a market which will continue to see strong demand for the foreseeable future. There seems to be a bit of a swing back toward nationalism for good or bad but bodes well for this one. At the same time paying a healthy dividend yield and more upside than downside in my view. Seems to be a bit of an under the radar company starting to trend in the right direction again and the type of stock I have done well with in the past. Hopefully further good news again.
PTL Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
