Didn't rebounce today. Looks like support just isn't there? I'm struggling with understanding various market dynamics on this one. API's biggest contributors to EBIT are cosmetics, yet this sector is also the largest/easiest on-line trade.
Certainly, analysts' average forecast earnings has been trending down. Like-for-like store revenues have decreased; EBITDA growth of 6.1% relied on new stores opening.
So, where does it head to from here? PE, P/S, and P/B are already low cf rest of industry sector. A major long term support was $1.50. Next support?
API Price at posting:
$1.37 Sentiment: None Disclosure: Not Held
