"PS the AMC downgrade magnitude was largely immaterial, but the...

  1. 17,746 Posts.
    lightbulb Created with Sketch. 9042
    "PS the AMC downgrade magnitude was largely immaterial, but the negative wording seems to have had a dampening effect."

    I don't classify "cyclical increase in variable input costs" as a "downgrade"; rather, I see it as something that simply happens in the normal course of business.

    But stockbrokers love it, because there's likely to be a trade in it for them.
 
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