Welcome spike but over here the 'consensus' valuationw as $58~, give or take, supposedly 'fair value'. Shows just how varied valuations are and you can onyl really play this game on your own: use others expectations and get in and out based on how they influence the stock (rather than its true worth) as what people think the worth is as wide and far as the world, lol.
That said, this mornings fin review or was it the west australian had a broker wcommenting on the recent china tender loss and imminent potential lower prices spreading as a result of the tender into other regions, lower sales etc. Basically reiterating a hold or sell based on this pending late 2014 FY nucleus 6 sales starting to ramp up.
So yeah.. who to believe? I also thought credit suisse wrote that, which according to the above post doesn't seem to make sense given they rates it an 'underperform'?
COH Price at posting:
$61.00 Sentiment: None Disclosure: Held
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