ATM - A2 Milk Corporation Limited

[couta1]

They have certainly very carefully prepared the groundwork for a second downgrade, I don't think there's any dispute about that.
Yes, since April 2018 ATM has materially underperformed the NZX50 which is a long 30 months but for loyal shareholders they're quick to point to the stellar outperformance over longer comparative timeframes which is fair enough but in doing so they rather conveniently (in my opinion), gloss over the evidence that growth is dramatically slowing and the reason FY18 was the last year of stellar share price growth is because that was the last year of stellar eps growth. My nose (which I have come to rely on and trust), tells me there's a LOT of people with emotional attachment issues with ATM. They made so much money in the years up to FY18 its VERY hard to be truly objective now.

Yes you are right we have made a lot of money and even though some of us are down at the moment, we are still very much in the blue overall. PS-Your comment re the careful preparation of a 2nd downgrade is misleading and a load of ****.

[Balance]

No 2nd downgrade balance.

Very happy to acknowledge that fact.

[Beagle]

Exactly and bar 2 other stocks i can think of, the rest of the NZX is **** value, I'd rather have my money here or earning next to no interest than paying scorched earth muiltiples.

OCA, HLG, HGH, TRA are all GARP stocks (Growth at a reasonable price) all on extremely attractive multiples. GNE on 7% gross dividend yield. Excellent stocks on compelling metrics are there for those prepared to open both eyes I better leave you in peace again...I can tell you simply don't want to read anything other than positivity about ATM.

[couta1]

Very happy to acknowledge that fact.

Thankyou Balance, you are always willing to admit when your call was off.

[Beagle]

Yes you are right we have made a lot of money and even though some of us are down at the moment, we are still very much in the blue overall. PS-Your comment re the careful preparation of a 2nd downgrade is misleading and a load of ****.

See what I mean folks about being one eyed. Its cringe worthy to watch. Off for another holiday from this thread...Its nauseating to see one's friends unable to see anything objectively and then attack you when you try and help them. Do AIR have any sick bags left ?

[couta1]

See what I mean folks about being one eyed. Its cringe worthy to watch. Off for another holiday from this thread...Its nauseating to see one's friends unable to see anything objectively and then attack you when you try and help them. Do AIR have any sick bags left ?

Just calling it as I see it mate, I think your comment on the downgrade preparation required that and would you expect anything less? PS-Im off over to HC to see what the Punters and Trolls have to say over there.

[alokdhir]

Good part about today's commentary about outlook is that both sides think they have a chance . So bulls think worst is over trying take it up strategy while bears think another downgrade or bad results coming and they keep shorting .

In nut shell this will lead to explosive price moments if either side wins decisively ...which will happen eventually !

Hopefully it ends well for Bulls ...as me holding ...lol

So far NZX guys think its positive ...but they are always optimistic about ATM ...Real test of which side dominating will come after 12 PM ...exciting to watch keen and almost equal fight

[Gregnz]

I think it’s a bit far fetched to suggest a downgrade is coming based on their comment about volatility from Covid. No business can provide certainty in a Covid environment.

Fresh milk sales are up in all
Markets, Chinese sales are up 77%, store expansion up, Singles day 11/11 sales up 24% on last year.

If we were seeing a deterioration in sales, then yes potentially a downgrade, but not when things are clearly still growing and expanding.

[ba9]

2020 Annual Meeting Link

[Cyclical]

I think it’s a bit far fetched to suggest a downgrade is coming based on their comment about volatility from Covid. No business can provide certainty in a Covid environment.

Absolutely. It would be extremely irresponsible of any company whose bottom line could be impacted by further covid issues to not at least have some butt covering statements in their forecasting. That includes OCA and HLG to name but a couple. Nothing to read here as far as I'm concerned.