There was a 15 percent frop after a forecast of small negative growth, that is true and so it looks oversold. However, ATG had a very strong run up in the last month, so its only come back to where it was a month ago...not a big drop.
However, I think for a stock to be good value, it HAS to be a company that is growing. I sold as I wondered why growth was negative in its Australian operations. SOmeone else must be taking its market share. Takes a lot of work to get it back However, ATG remains a company that is cheap in terms of yield and basic PE.
If they announce growth again, then im back in.
ATG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
