In this economic enviroment stocks like this are rubbish. We are moving into massive commodity cycles atm and have been for 12 months. There is a massive Engery and food shortage and the winter is just around the corner. Thankfully the rest of my portfolio is copper, uranium, lithium etc because SWM has done bugger all for me. If you're only holding SWM or if its one of your larger holdings its not a bad idea to minimise it and use that cash to actually make money. I sold 75000 shares at 50 cents and since reinvested it and I'm already up 15% on that holding, while SWM has done nothing..... If SWM don't start their buy back soon, I will continue to offload my shares in the 50's even though my target was 60-70.
SWM Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
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