CAJ is not a yield stock at this stage - its an illustration as the percentage falls are similar and in fact the similarity was that both were in baskets as growth stories and then disappointed. Theirs being the note that the imaging business has seen a fall off in volume as a result of government changes to policy and probably the 4 corners program.
The similarity extends in so far that neither has updated the profit forecast so we are left in limbo.
OV you are lucky as a few friends took up placements at the time of the Oakley purchase in anticipation of the NSW asset bid - I dont think they have sold so must be really under water at this stage.
On the long term view I am still a buyer at these levels and think it could be back above $2.00 at the same time next year. Thats my motivation for not selling at this point. Its a 40% plus capital opportunity and a dividend to add to that.
CAJ is not a yield stock at this stage - its an illustration as...
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