That’s a sick looking chart in that article
Did Fool say “However, I still see more value in the shares of rival Bellamy’s Australia Ltd (ASX: BAL).”
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Sure is and lest we forget the below article from same crowd when Citi downgraded them when the price was $1.84 in Oct 2016 and fast forward 2 years where we are now...
https://www.fool.com.au/2016/10/27/a...-baby-formula/
And who can forget that (in)famous analyst from Citi Mr Sam Teeger.
I actually can't work out if he's being ironic, or is genuinely that inane?
Edit: Looks like it's the latter, judging by his Twitter record. How about this gem:
Mark Lister @MarkListerNZ Aug 3More
Just paid my annual rates bill, which is 4.2% of the value of my house. So my house has to rise by that degree each year for me to simply break even on my rates, before I even consider interest, inflation, insurance, or maintenance. Who said property was a great investment again?
There's simply no way this is possible. He's innumerate.
LOL They deserve an award for that, a badge of honour, sure there's something appropriate here https://www.trademe.co.nz/home-livin...1719187747.htm Most appropriate one could be "I give up, what planet are you from" ?
craigs say upgrade recently price declined , citi downgrades price declines looks like citi moves the market more than craigs on this stock.
No mention of how a geared investment works, cost savings from not renting, growing capital, or a myriad of non financial benefits work in the propery market.
I take it he applies similar lack of logic to his stock investment choices.
A2 has to rise by my interest bill, inflation, loss of potential earnings from other sources, tax, doctor's bills for stress treatment. Before it can be considered a good investment.
No wonder school teachers etc are asking for a rent subsidy in auck, tauranga etc.Even a psychotherapist cant help a Fried on mind:)