The timing of the hit suggests it's purely on the downgrade and I agree it has to be in the realm of overreaction now. The business hasn't fundamentally changed, I guess we will find out more in the call... and 30th May for FDA.
I picked up a small parcel today to top up, if recent history is anything to go by. The market has smacked the price before a swift uptake. I do agree however that JC has to get his communications a little more in line to avoid this exact scenario
Media, page-209
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