Good luck Andrix, one can only think that if the business/SP deteriorates from here it will not be because of poor management, but external factors.
And the other side of that coin (and one which I think is more likely) is that there could well be a significant external factor coming in the next 1 - 3 years in terms of a takeover offer. That would not be accepted by DD and other shareholders at under $3 (today), one would think.
So, to summarise, I think the investment case here is a near 10% p.a gross yield, around 10% p.a. capital growth (in line with increasing revenue and NPAT) and a potential 20%+ upside risk of takeover.
Seems like a good place to be at the moment.
DDR Price at posting:
$2.46 Sentiment: Buy Disclosure: Held
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