HI Rob,appreciate your comments here as always,Picked up TOL...

HI Rob,

appreciate your comments here as always,

Picked up TOL from 7.10 - 7.50.

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.