The've snuck the term 'Global Price Harmonisation' in a few times... wonder if it is code for the Australians are undercutting us and we are quietly crapping ourselves.
This from google:
"Price harmonisation... a quaint euphemism for what is effectively a wrestle between the department stores and global brands suppliers to close the price gap between local retailers and their online rivals."
Deserves to be on a cyclical / agricultural / no growth PE of 8.5...but wait there are no earnings
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
A) A take over on CVT will happen before a take over on MPG, AND;
B) More upside on today's share price of $4.20 vs $0.49, when and if happens.
Reasoning:
1) Still good growth from in CVT from Asia, vs downturn in property in Aussie/NZ on MPG in medium term.
2) Agriculture better moat than materials/manufacturing.
3) Comvita brand still strong. Metro not worth as much.
Having said that, both are really dogs. Lesson learned, we need to both move on.
No way in the world 1 CVT share is worth 8.5 MPG shares in my opinion....nowhere remotely close. I'm with Balance on this one.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Must be really "cheap " now ....... Just because something was $ 12, it doesn't mean its cheap at half the price and certainly doesn't mean it can't get cheaper .
Hope you haven't been backing the truck up too much Ogg .
I remembered god dang brokers recomended buy...buy..buy at $12......dang.....
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