Had to have a little nibble today with this sell off - picked some up at $1.32.
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Had to have a little nibble today with this sell off - picked some up at $1.32.
Attachment 13616
According to ASB, not that much buying volume.
Probably fair value around these levels.
Waltz said it was BUY at $1.30
with inflation hitting harder than expected around the world and petrol going sky high these are not really defensive and you see the likes of MR B stocked up on cash.
one dollar 10 if real weakness comes into the market.
This was only a speculative stock buy not something you could look at the balance sheet and say this is technology going to replace everything old.
in fact the speculative stocks where orders will be flowing in are defence stocks.
the new bling...
Air Canada coming to NZ
That should be good for MHJ
Is that an official BUY recommendation? Are their air crew better looking.
I knew 2 blondes who would have got jobs instantly for European airlines both intelligent both turned down by AIR.
In winter they just wear furs?
well it was a winner today up 5%!
the market still has faith!
In the US Signet made it numbers.
MHJ (a favorite of mine), could be very close to a buy in the coming weeks
It has showed great strength. Just like the blues tonight v chiefs
Since most of the increase in profits or getting back to profit comes from canada the fortunes of the company might be more closely tied to how happy they are with ICE hockey teams..
https://www.nhl.com/canucks
looking for sub 1.20 here . 1.10 a re entry point.
inflation stifling all the retail stocks at the moment.
Will be interesting to see what happens this cycle. Inflation is generally ok for retailers (they increase operating leverage as they increase prices faster than other operating costs like lease, utilities and wage costs can rise), but in combination with the Covid impacted high shipping costs thst advantage may be muted.
retail property holders Kiwi & Stride will be salivating at the prospect of being able to increase rents faster than expected - and still potentially be a falling percentage of their tenants turnover.