FPH - Fisher Paykel Healthcare.

[winner69]

Yep, a bit bored ---- syndicate continually being outbid at the Karaka yearling sales ..... world affairs not stopping millions being spent

Not comparing the companies A2 and FPH ..... just trying to highlight how market sentiment can change when high flyers show slowing growth and declining profitability and go out of favour .... can be brutal

[winner69]

FPH share price back to where it was about 2 years ago ..... like February 2020

[alokdhir]

FPH share price back to where it was about 2 years ago ..... like February 2020

Not just FPH ...even MFT given up all its 2021 gains ....SUM ...

But very surprised by HGH being sold ...it has low P/E ...High Dividend ... Growth projected ahead ...still not loved that dearly ...Maybe its just panic or need of cash or over extended positions

Just read few opinions on market watch.com ...they opining that markets may bottom out in a week or so when all bad news out and in the prices ...I just wish I had more funds to invest as find some stocks super attractive ...I know they can go further down but still would have started buying already ...only if had more funds ....Any idea about RBNZ PIN ??

BTW ....I remember from last March 2021 ...U mentioned solid support around 25.94 for FPH ...hopefully it works still ...lol

[Rawz]

FPH share price back to where it was about 2 years ago ..... like February 2020

And has FPH advanced its business more or less than 2 years ago?

Some real opportunities out there to buy into businesses that are priced the same as years gone by. Was looking at FB (or Meta as it is now known..) it is currently priced at Oct 2018 levels. FB more or less advanced than 3.5 years ago?

Where is the bottom? Nobody knows

[winner69]

And has FPH advanced its business more or less than 2 years ago?

Some real opportunities out there to buy into businesses that are priced the same as years gone by. Was looking at FB (or Meta as it is now known..) it is currently priced at Oct 2018 levels. FB more or less advanced than 3.5 years ago?

Where is the bottom? Nobody knows

Does that actually mean anything?

[Rawz]

Does that actually mean anything?

Probably not in this market

[Beagle]

And has FPH advanced its business more or less than 2 years ago?

Some real opportunities out there to buy into businesses that are priced the same as years gone by. Was looking at FB (or Meta as it is now known..) it is currently priced at Oct 2018 levels. FB more or less advanced than 3.5 years ago?

Where is the bottom? Nobody knows

More too it than that. A better question is how long are the Covid tailwinds that have been blowing fiercely in FPH's favour going to last ? Another 2 years or less ? What's the unassisted Covid earnings then ? What are fair metrics going to be in the future with the lower non Covid assisted growth and higher interest rates ?

FPH shares have been in a downtrend for the last 18 months and the market is still trying to work all this out.
I would suggest TA is probably far more useful than FA in the circumstances...
Winners post #2341 is very pertinent. Plenty of people thought they could bottom pick successfully when ATM was falling and almost all of them got badly burned.

TA is your best friend in this crazy market.

[bull....]

downgrade to margins not surprising in an inflationary environment

[winner69]

Suppose this is a profit downgrade

H2 sales down about 25% v pcp .... ouch ..... and full year revenues about 5% down om market expectations

And that 2.2% points drop in gross margin takes millions off the bottom line ..... double ouch

Never mind ....in 10 years time we'll say ] 2022 just had a few hiccups

https://www.nzx.com/announcements/389295

[winner69]

Todays announcement not flagged PRICE SENSITIVE so we should be OK share price way