There appears a lot issues at Twe today. More in general management and marketing. They keep pushing this luxury market and flexible line every time. All I know is that a small amount of volume generates a hell a lot of margin. And if that volume is not achieved or even a slight shortfall the effect on the bottom line is going to be nasty.
It will be interesting to see updates on the brokers targets tomorrow. at the current P/E of 19 a 60 cents eps implies more or less $11.4 . But a short fall in eps to 55 cents well we are looking at another $1 drop in the share price more or less.
Its a wait and see , at present no bargin just a punt. The level of risk is still unkown
TWE Price at posting:
$11.17 Sentiment: None Disclosure: Held
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