Just checked the AFY threads for the first time since I published part 2 of my article. Same conversations still being had.
Underlying theme for the bears is the bad debts and valuation. Underlying theme for the bulls is "look at the growth".
There is lots of growth, but I can't see a road to profit from here that justifies this SP still. I would be very nervous seeing this dip below the 200SMA. Momentum is very important with such a lofty valuation.
For those who haven't read the article the best place to find it is by searching The Stock Picker on Facebook. I can't attach a link sorry - it's deemed advertising. Or check my "favourite website" under my hot copper profile.
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Just checked the AFY threads for the first time since I...
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