FPH - Fisher Paykel Healthcare.

[babymonster]

Gees...... my order is about to get filled...

[BlackPeter]

Gees...... my order is about to get filled...

Hmm ... good company but now well below MA200. Might be just a blib, but might be as well something more sinister (like the markets realising that the share it too dear). Too early to say, whether this develops into a falling knife, but below the MA200 is this always a risk worthwhile considering ...

Sold mine out and waiting for stabilisation ...

[BlackPeter]

eek - dropped through the resistance level at 910. Minor play now with the 900 and next major stop between 830 and 840?

[RupertBear]

eek - dropped through the resistance level at 910. Minor play now with the 900 and next major stop between 830 and 840?

Caught a few at $8.92 but may have lost a few fingers catching the falling knife...time will tell...lucky I have a few more

[iluab]

eek - dropped through the resistance level at 910. Minor play now with the 900 and next major stop between 830 and 840?

FPH.jpg

Just like a number of NZ50 stocks, broken now, it's the largest NZ50 correction since 2010, so far.

[RupertBear]

FPH.jpg

Just like a number of NZ50 stocks, broken now, it's the largest NZ50 correction since 2010, so far.

Ooops should have learned from loosing both my hands and feet buying Wynyard

[malus]

FPH.jpg

Just like a number of NZ50 stocks, broken now, it's the largest NZ50 correction since 2010, so far.

Hmm... Mr Market having a hissy fit and the stock is looking more attractive as buy, like BlackPeter says good time to wait for stabilisation... this price brings PE down to a more reasonable level.

[Nasi Goreng]

I wouldn't call the PE a more reasonable level. I would just say it's lower... it's still 35 and there are a smorgasboard of good growth companies out there globally with a PE lower than 35.

Just because the market was prepared to pay high multiples for FPH in recent history does not mean it will continue to do so. This could drop a whole lot more and still look expensive.

[percy]

I played around with some figures a few weeks ago.Expenditure in NZ and Mexico,increasing NZ $,very low dividend yield, and came up with a growth rate of under half the PE,so sold.Been a very long term holder.

[Biscuit]

I played around with some figures a few weeks ago.Expenditure in NZ and Mexico,increasing NZ $,very low dividend yield, and came up with a growth rate of under half the PE,so sold.Been a very long term holder.

I've been selling for a while: sold some at 340, some at 410, some at 665 and finally got it right by selling some at 1020