An untainted view is a pretty solid company making pretty good financial returns (above industry average ebit margins) that unfortunately has suffered from too much interference from financiers and fund managers who though they knew how to run a glass business. This ‘strategic review’ is just window dressing (at shareholders expense) to deflect the blame for perceived failures from those same financiers.
Last edited by winner69; 04-03-2018 at 03:44 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Agreed, I hope it’s just a bit of confirmation bias that the exec need. After all it’s what exec get paid the big bucks for, if they can’t do that, what are they doing? Yes.... it’s to reassure themselves that it’s all good under the hood. Yes, that’s it.....
Have you been listening to too much of Jascinda's relentless positivity school of thought
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
There is always two sides to the coin and clearly the punters buying think there will be no downgrade and the people selling think Metro is going to the dogs. Time will tell who is right.
Think it is more about going to be kicked out of the NZX50 in a week or so. Market cap too low to stay in and prob some funds trying to sell down with low liquidity.
Think it is more about going to be kicked out of the NZX50 in a week or so. Market cap too low to stay in and prob some funds trying to sell down with low liquidity.
Yes I think you are right. It is making people very nervous though.
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Originally Posted by bullfrog
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