The thesis is the US ten year will elevate to such levels discounted cashflows will drop significantly along with covid supply disruptions etc impacting high growth high multiple stocks.
US ten year has moved to 1.80 odd; a move up to 3% is not unusual historically and a more normal range.
US consumer demand remains very strong and mid term outlook continues to be very favourable.
As an investor simply want the exec team to ignore short term trading prices; continue the laser focus on delighting ccx’s customers daily, manage the business well through the near term covid workforce issues, build on market share, enhance and expand each portfolio brand’s geographic spread, and use the growing cash hoard of +$70m at 31 December wisely.
Torrid, page-13
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Last
14.5¢ |
Change
0.010(7.41%) |
Mkt cap ! $55.84M | |||
| Open | High | Low | Value | Volume |
| 13.8¢ | 14.5¢ | 13.0¢ | $104.9K | 761.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 48474 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 218238 | 5 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| CCX (ASX) Chart |