FPH may soon start looking attractive to many ...
1. SP down a lot discounting almost worst case 2023 reset or new base year eps of 57 cents implying a revenue or sales of $ 1500 Mil
2. NZD tanking and will continue on its downward part with US rates more likely to rise faster then NZ
3. FPH demand is more inelastic and more inflation proof as hospitals will buy irrespective of market conditions
4. NZ bond yields are very close to top of this cycle ...max 4% most likely ...so as per experts already in the SP ...just a wee bit fine tuning only left ahead
I am waiting for W69 signal ....though he is very optimistic of it reaching $ 18 ...maybe $ 20 will be my start of top up from some dead stocks I hold ...:D
PS : Someone here said market is very forward looking and maybe looking much further then we think about FPH opportunity in such difficult stock picking times ahead ...so kept my start of $ 20 ...try to get before W69 ...maybe in 5 years it wont matter I paid little extra then him :p