likely largely agree and am pleased I had lightened -but i toyed with selling more at 52 c a few days ago ( drop through a bit of support around 53 ) and decided not to -hoping 49c support might hold, if not I think they're still pretty cheap anyhow -their business is fairly fairly recession proof but I guess perception is a big thing - I was looking to see how earnings went during GFC and notice share price dropped from $16 to $4. didnt find earning figures that far back -took a hit in 2020 I see!
But some "smarties" at some financial institutions have seen the opportunity -like u said slow down in economic activity, but moreso consumer spending which advertisers are exposed to -thing is Prime being regional will still do pretty well because of the ongoing Commodity boom also!
I havent done numbers of late but I suspect they are still pretty cheap for longer term but 40 c may be possible
SWM Price at posting:
49.3¢ Sentiment: Hold Disclosure: Held
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