LNN lion nathan limited

down move so far w 30mins to go on less than a mill volumeI...

  1. 1,201 Posts.
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    down move so far w 30mins to go on less than a mill volume

    I suspect that by 'window-dressing' time the fundies that sold will buy now and by dec31 itll be back to old trading range

    Reason I say this , is that LNN is rated by every1 as one of the top defensives, and ppl need this stock in their portfolios

    theres been a shakeout, but i expect it to be back shortly, coz we've got another 9 months at least of cr@p to go in this market IMO

    Earnings certainty isnt safe atm; With LNN at least u know it is more or less

    CCL bid may be overhanging tho

    Still, its fallen enough for a gr8 defensive with outstanding fundamentals (return on equity pehenomanal; returns on debt vert good thus too. Return on debt+equity thus is very good. The company is putting its debt and equity to very good use !)
 
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Currently unlisted public company.

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