I'm also trading these 3 stocks. WZR has been through a management shakeup and new team needs to convince. But at this level of market cap vs book size & NIM, I am accumulating at $0.03. I monetised gains on MME yesterday and halved my position on PLT earlier. Out of the 3, I think PLT management team is by far more convincing. And that partnership with NAB is a vote of confidence. I think MME has been far too aggressive and SHs have paid a dear price. I am surprised there has not been changed at the top there. Rates aren't coming down for some time, but if they do next year, these stocks could be well supported. On the risk side, they're not out of the wood yet. Employment has been strong lately, but their borrowers would still be struggling with cost of living. A rebound in inflation would be a real concern.
WZR Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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