New CEO will be going through the whole company with a fine tooth-comb before presenting his reset strategy.
Could be late May at this stage before he makes an announcement.
Printable View
I know one thing that when it looks stock will keep falling and there is no hope for it and all become sellers ...then is the best time to buy it ...show courage when all have given up ...So next downgrade or at $ 7.50 ....I am in for long term ....
Definitely mate, I am against negative views here and buying ATM now. A2 IF has very strong brand awareness in China and people love it. It has huge potential for market penetration there.
People here seems ATM will never recover. Haha, let's see it will recover.
To me trends are important, they have momentum and when you think a company has already taken a hiding there is often more coming. I made the right decision to exit over $11 pre-announcement with only a fractional loss and switched the funds into FSF. You are entitled to your view as different views make a market, but while the negatives keep coming i dont see ATM as a viable investment
Hardly different bases - 2 points to note:
1. There were many disparaging remarks by many an ATM shareholder here about domestic competition in China when that was highlighted as a risk factor,
&
2. Feihe listed in late 2019 - hence the time frame to compare the performances of Feihe vs ATM.
We can use the comparison base from when Feihe was listed on 10 Nov 2019 - in which case, Feihe has put on 197% vs ATM down 31.5% = 228.5% difference. Even worse! :eek2:
I'm expecting a good caning from Beagle this afternoon. You should recognize me, I will be bent over a chair wearing rose tinted glasses and eating a dozen oysters. A2 was 100% of my portfolio 9 months ago, but only for a couple of scary weeks. It is now only 27% of portfolio. The only shares I have now were bought at 50c and $7.19c with average price of $2.99c. Have been hearing a lot lately about $7.50 becoming the new low. Am definitely going to keep the 50c shares but might sell the others, will decide next week. My a2 holding is still in the green, but have lost a bit on the way:).
I'll see if Mrs B will let me borrow her cane :D
Checking in once again and it appears this thread is now being kept alive almost exclusively by non holders. Strange.
In more positive news, at least the ST site in general is now alive too
Keep it coming guys!
Emotion, be it fear or greed, is the greatest enemy of the ordinary investor. The point of maximum opportunity is when the crowd is pessimistic (or fearful) and the point of maximum risk is when the crowd is euphoric (and greedy)