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  1. #171
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    Quote Originally Posted by Onion View Post
    A brilliant example of Kiwi enthusiasm.
    Come to to think about it the result was quite dull actually it was a very depressing result.
    h2

  2. #172
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    Thoughts on why the market has turned sour on this one lately?

  3. #173
    Senior Member hardt's Avatar
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    Quote Originally Posted by Cynic View Post
    Thoughts on why the market has turned sour on this one lately?
    The outlook does not look good for the retail sector, the market likes to paint with broad brushes...

    Also, first thing to go out of a household budget in an economic downturn are those $100 pans and $200 boots!
    Last edited by hardt; 01-05-2017 at 06:00 PM.

  4. #174
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    Yeah HLG is also getting hammered at the moment. Perhaps some buying opportunities on the horizon.

  5. #175
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    Quote Originally Posted by JoeGrogan View Post
    Yeah HLG is also getting hammered at the moment. Perhaps some buying opportunities on the horizon.
    downwards trajectory of the dollar not helping?

  6. #176
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    Quote Originally Posted by hardt View Post
    The outlook does not look good for the retail sector, the market likes to paint with broad brushes...

    Also, first thing to go out of a household budget in an economic downturn are those $100 pans and $200 boots!
    I accept the dollar is moving down, but don't see much else to substantiate a bad outlook for retail. What in the last month has caused an economic downturn to look more likely?

  7. #177
    On my rounds and just a little behind..
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    Quote Originally Posted by Cynic View Post
    Thoughts on why the market has turned sour on this one lately?
    IMO, simply overpriced. Necessary correction by market.

  8. #178
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Cynic View Post
    Thoughts on why the market has turned sour on this one lately?
    Retail is currently not flavor of the month. Stock has had a good run up from ~ $3 a year ago and undergoing a correction. No question Rod Duke knows his stuff and this is best of breed but when the tide turns in retail the water level drops everywhere.

    Definitely one to watch and most probably worth buying when market sentiment has bottomed out.
    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

  9. #179
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    I agree with Roger on that. RSI is at its lowest level in about four years so the upturn may not be far off.

  10. #180
    Senior Member hardt's Avatar
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    Quote Originally Posted by Cynic View Post
    I accept the dollar is moving down, but don't see much else to substantiate a bad outlook for retail. What in the last month has caused an economic downturn to look more likely?
    BGR is being squeezed by sentiment, not necessarily due to fundamentals of their particular business, Retail as a whole has little to be desired in terms of a moat anymore... NZ is lucky because of the very few stores available to consumers.

    household debt has risen to about 170% of nominal disposable income in NZ as well.

    Definitely looking to get in once it has bottomed out [ where that will be, no one knows ]

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