Focusing on the data and not the hype is critical for successful trading/investing.
The close was 5c short of the 50% mark so she's on the edge.
Fundamentally increase in capex should mark this as a bottom but sentiment is very negative.
Fair value ATM is probably where it is but looking forward I don't have a problem. The problem is if you need the capital sooner than the sentiment changes then you are in trouble.
This has taught me a valuable lesson when picking up distressed assets in the future and that lesson is to wait until all the cards are on the table.
Picked up a parcel of WOW recently which sheds light on the other end of the spectrum.
All the best buddy.
P.
TOL Price at posting:
$6.80 Sentiment: Hold Disclosure: Held
