re: has the feel of a caltex like turnaround i haven't purchased any in TOX, but still feel it has a way to go up yet.
Unlike the speculative crap that gets peddled, this stock is a profiting company with a full order book for this new financial year. It's a turnaround stock and that's why so many sellers are dumping it - they got hurt and now that the price is up they want to get out. Once the company proves themself to be managed successfully and gains trust with the market the price will start to move. They are half way there by staying above their profit forecast at the moment.
Fundamentally this company is trading on a PE less than 5 - The market will catch on to that and eventually rerate the stock appropriately.
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