HC really need a spell checker for the likes of me who fail to proof read before hitting add. ( Those ). Anyway, agreed that is around the bottom. Have read a number of things in recent times about RMD, including being a potential takeover target, not heavily geared. A number of Buys are on it with a number of targets at $7 plus. One fence sitter raised some good points and is waiting on the next report, wondering if they have lost market share or a cost blow out as a result of the recall.
The roll out of new products into new markets and diversification make it one to watch.
I took a stake at 5.25 betting once the smoke has cleared it will head back up over $7.
I have Google News alerts on this and info just pours in, (possibly too much) and may even find out if a Director Farts. Would recommended it for anyone keen to follow a particular share, but wouldn't do if for a portfolio you'd be flat out reading emails.
Cheers
Oscar
RMD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held