That is the most ridiculous reason for exiting a stock. "After all it is only milk really." So what, who cares whether it is milk. It generates solid revenue growth, an insane return on capital and free cash flow you'd struggle to find in other equities. Oh and yeah, zero debt. They have identified an area of high demand in the dairy market and developed a strong and sustainable competitive advantage out of that. Your comment is akin to suggesting CBA is "only a place to keep your money." No, CBA has found a way to run a successful business out of providing a secure place to keep your money, and hence why they have such a high valuation.
Media Updates, page-7524
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Last
$6.58 |
Change
-0.060(0.90%) |
Mkt cap ! $4.756B | |||
| Open | High | Low | Value | Volume |
| $6.58 | $6.61 | $6.53 | $10.64M | 1.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7112 | $6.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.59 | 9690 | 1 |
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| A2M (ASX) Chart |