Come to to think about it the result was quite dull actually it was a very depressing result.
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Thoughts on why the market has turned sour on this one lately?
Yeah HLG is also getting hammered at the moment. Perhaps some buying opportunities on the horizon.
Retail is currently not flavor of the month. Stock has had a good run up from ~ $3 a year ago and undergoing a correction. No question Rod Duke knows his stuff and this is best of breed but when the tide turns in retail the water level drops everywhere.
Definitely one to watch and most probably worth buying when market sentiment has bottomed out.
I agree with Roger on that. RSI is at its lowest level in about four years so the upturn may not be far off.
BGR is being squeezed by sentiment, not necessarily due to fundamentals of their particular business, Retail as a whole has little to be desired in terms of a moat anymore... NZ is lucky because of the very few stores available to consumers.
household debt has risen to about 170% of nominal disposable income in NZ as well.
Definitely looking to get in once it has bottomed out [ where that will be, no one knows ]