This stock has received a brutal beating over the last couple of weeks and in the absence of any company specific bad news RQL has to be approaching bargain territory.
I currently estimate RQL to be on an earnings yield of just over 14%. When you consider the quality of the company and its growth prospects both within Australia and worldwide I imagine it is only a matter of time before serious investors wake up.
That said there are currently many catalysts for huge downside to markets. Should any of these eventuate and fear and volatility reach even higher levels still I have no doubt you'll be able to buy RQL at even cheaper prices than today.
RQL Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
