It will take time to get there as tax loss harvesting just started, without any new good news it will be interesting to where price will be by June 30 and if two consecutive quarter comes out poor then it will be even interesting to see what it will be in December.
However, support for ASX will kick in when interest rate goes down.
if they go back to result similar to what it was 3 year ago in term of profit, debt, eps, P/E, BV etc then it will be challenging for price to maintain current level but asset sale, special divi might pop-up to support it .. in my opinion.
GNC Price at posting:
$8.09 Sentiment: None Disclosure: Not Held
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