agree.
found some support on friday which is a good sign.
i think the question we have to ask ourselves is:
1) where do you think the share price will be in 2-3yrs? (ans = i think likely above 6.00 based on modest single digit underlying eps growth)
2) are the growth avenues still on track? (ans = yes the international, coffee and for services areas are intact)
3) is the divi under threat in a major way? (ans = no, could be a small drop but its over 10% fully franked at moment so thats already factored in)
4) is management credible and stable? (ans = yes i think, although it would be nice to know the reasons for the recent ceo departure to be sure, after a 20yr tenure)
5) is the broader industry under threat (ans = no)
i don't think rfg is going to go up much soon but I'm not going to sell mine in a fire sale at a bargain.
i made that mistake with isentia when i bought in low 2s then again at 1.90 and sold most at 1.60ish at the height of the negativity. within 3-4months its already back to 2.00.
so i think all holders should take a chill pill and sit back and wait and see what the full year report and outlook brings.
RFG Price at posting:
$4.67 Sentiment: Hold Disclosure: Held
