Strange how every one seems to be on the sidelines awaiting earnings report.
However, the price is right at the moment. Any expectations of earnings above the current price is obviously good but, I think it is overly optimistic in the short term.
Long term; merger activity is an interesting proposition, ability to borrow post pay out expiry, contractual wins, growth in markets outside Australian market.
In the end, upside it seems will come to them that are patient.
Happy trading or is it investing?
EGG Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
