Better to buy the business after the bad news has been priced in, than 12 months ago when the exact same business was $6.
I am not in favour of a T/O as I think the business has a fantastic long term future, but if it were going to come, I would expect now to be the timing.
Consider some of the big issues facing the business:
- high AUD - now considerably better
- poor US market - economic recovery underway
- excess US inventory - inventory destroyed and loss attributed
- slow EU economy - improving?
- Chinese austerity - likely short term factor?
- poor pre-Xmas volumes in AU - ability to be addressed via discounting if desirable
- lack of confidence in management - new CEO with turn around experience
I'm not saying this business will come roaring back to the top, but all the factors seem to be turning, in my view, and the brands are top notch globally.
To me this points to good times ahead.
Better to buy the business after the bad news has been priced...
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Last
$12.24 |
Change
0.090(0.74%) |
Mkt cap ! $9.931B | |||
| Open | High | Low | Value | Volume |
| $12.23 | $12.29 | $12.09 | $19.69M | 1.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29743 | $12.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.25 | 100000 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| TWE (ASX) Chart |