Without getting personal, I wonder why many people bother to pay a salary to many of the analysts out there, if this post is an illustration of typical behaviour (and I expect it is when I read some of the bonkers narratives for recommendation summaries on the The Weekly Bull newsletter. I wonder what "Bull" is short for? ). Buying after others have bought and selling after others have sold is a great way to underperform the market, which is maybe why so many funds do (I think Graham had a thing or two to say about this as early as the 1949.)
A company like APX which is totally exposed to an important emerging and global business theme, has established robust operating financials and market leadership, deserves serious analysis. I was lucky to start building my position here at $2.75, although have been guillty of harvesting a few profits along the way and then re-entering at bargain prices based on my DCF model.
Of all the WAAAX, it has the best 2-3 year price upside potential (barring end of bull cycle), IMHO, and although its already 6% in my portfolio, I'm contemplating increasing weight tempered only by a slight concern that management don't go off doing more M&A. (LF and F8 really made great sense, but I hope discipline will be maintained, because many a great stock has been imparied by that one acquisition too many.)
For me, its still a good buy. Its one of those stocks I hold cash for the rainy day that will evenutally come and I can pile in at a bargain.
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Last
$1.20 |
Change
0.135(12.7%) |
Mkt cap ! $269.8M |
Open | High | Low | Value | Volume |
$1.11 | $1.27 | $1.10 | $17.65M | 14.73M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 146900 | $1.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.20 | 44176 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7603 | 1.190 |
6 | 146900 | 1.185 |
8 | 92970 | 1.180 |
8 | 175771 | 1.175 |
12 | 208904 | 1.170 |
Price($) | Vol. | No. |
---|---|---|
1.195 | 21179 | 5 |
1.200 | 20160 | 4 |
1.205 | 146398 | 6 |
1.210 | 138780 | 7 |
1.215 | 112050 | 8 |
Last trade - 12.39pm 20/08/2024 (20 minute delay) ? |
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