Unfortunately that broker does not do his own research. Thus must follow the research rubber stamped comments and targets given to him regarding this stock. Those are the rules.
He said that 35% of EBIT is from China exports. This is a problem if it goes south with what the PRC can possibly do. He is right that the move down was a cautious reaction. Look...I don't know where it's going, but it was at these prices without the Chinese issues only on 1 June this year. There were different issues them. Mainly the stiff competition in the US and the closure of outlets due to rolling lock downs.
Personally, I like the stock. I am not invested now and waiting for either a large move downward or a clarification as the what the Chinese are really doing here.
I am looking for a point to buy back in.
TWE Price at posting:
$9.68 Sentiment: None Disclosure: Not Held
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