And so say all of us
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I frequently read but rarely contribute to this thread. I am often baffled how the sky seems to be falling in on a movement of just a couple percentage points. I do feel like sharetrader users as a whole are very much invested in this stock and emotions run unusually high.
In contrast, no one seems to blink an eye when ATM moves 5% on an often daily basis
/shrug
I don't think the sector as a whole is hot. SUM companies are struggling to sell their units and others and pouring hundreds of millions into the Melbourne market that's quite possibly in the early stages of a major correction which will impact both development and resale profits going forward. Past performance is no guarantee of future performance.
Business model's of some companies offer more compelling apparent advantages going forward than others. Beagles will always try and use the maximum range of their sniffing ability to see what's going to offer the best feed in the future because who wants mediocrity in their investment portfolio...
Patience is your best friend with this one.
It is curious how so much attention OCA receives on Sharetrader. Perhaps it reflects a lack of activity/interest in the rest of the tiny - and steadily shrinking - NZX: or speculation about the perceived overhang from the MacQ stake: or second thoughts about the much-hyped grey tsunami that is expected by some to guarantee the fortunes of all in the retirement sector. Whatever it is/was, taking a few steps back and looking for other topics in the market would be refreshing.
:cool:
Consumer staple.??????????????????????????????
https://www.investopedia.com/terms/c...merstaples.asp
"Consumer staples are essential products, such as food, beverages, tobacco and household items. Consumer staples are goods that people are unable or unwilling to cut out of their budgets regardless of their financial situation. Consumer staples are considered to be non-cyclical, meaning that they are always in demand, no matter how well the economy is performing. People tend to demand consumer staples at a relatively constant level, regardless of their price".
Good quality late stage healthcare is also a consumer staple for people who need and can afford it, as is fuel, (unless you have an electric car in which case electricity is your fuel and also a consumer staple). Living in an independent retirement unit on the other hand, (such as that which is predominantly offered by SUM and MET) is a lifestyle choice people make, not a consumer staple and people will avoid it if the terms and conditions are not right. What is a need and what is a discretionary choice is a very important distinction to note when choosing which company you want to invest in especially if times get tougher and the real estate market comes under pressure.
Bad dog, sniffing which is best...must go and park at the airport and watch my planes and sniff the breeze when they takeoff...some dogs are known to like the smell of spent aviation fuel :) Consumer staples are not just food.
You certainly give a new meaning to them.!!
I will stick with the accepted meaning.
When Oil went to nearly $150 barrel late last decade and fuel hit record high's fuel consumption dropped just 2% on a national basis. I think this tells us all we need to know about how inelastic the demand for fuel is. If they doubled the price of your favourite food item do you think you'd still consume the same amount ?
Listening to CNBC the other day the cost of quality late stage care in the US is ~ $US9,000 per month approx. $NZ3,000 per week + GST. (Currently somewhere around half that here)
If the price of late stage, (say dementia care) doubled to that level in N.Z. over the next decade and you absolutely needed it would that put you off ? What would you do instead ?
On the other hand if the cost of voluntary independent living entry into retirement village (both the up front capex cost and weekly fees) doubled over the next decade would that put you off ? What would you do instead ?
What is a want and what is a need ? Yes, its really that simple.