I took profits today, could well go higher but 38% in less than 4 weeks is enough for me.
Detractors to me though are:
- Debt levels, not onerous though
- Yield actually not brilliant now that it has run 40%
- Management's focus on debt reduction may hamper growth/dividends in next 2 years
Positives:
- offshoring
- PE still around 10 and yield still respectable
- Financial results have been steadily imporving in last 4-5 years
Good luck to holders on this run, might be back on this thread later on.
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