re: Ann: Enter MOU to acquire an E-waste recy...
I agree, not a good look. And with the ULAB operation turning the 'healthy' Se earnings into a large overall loss for 1H FY12, the blue sky had gone out of this stock in my mind. I got out today and was thankful to have only incurred a 10% loss.
Would think there is a lot more downside for HMC in the coming 12 months (same headwinds to persist for ULAB; depressed metal prices may affect Se too; e-waste a big unknown, plus HMC's hit and miss track record with 'new projects').
HMC Price at posting:
4.5¢ Sentiment: Sell Disclosure: Not Held
