Just watched Mike Smith (ANZ) interview on abc business program.
When questioned on European recovery, he had a wicked glean in his eyes, he stated that he thought there would be a long slow recovery.
Mindful of the fact that ANZ is on the hunt for acquisitions around the world, and downplaying economies is in his nature. Smith stated he did not think there would be a double dip recession.
I get the feeling that Europe will continue to have problems and AEZ will flounder for a while yet.
My plan is to leave AEZ shares sitting, top up on the dips and I believe I have time to let my other little workers in the portfolio thrive. I would suggest we have time on our side and Europe will recover slowly.
I do not think we will see a bounce of any significance in the near future. I am happy to be wrong on that last sentence though......LOL
AEZ Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
