Valuation wise this is now pretty expensive IMO. But with RFL consistently increasing value one feels that it won't be overvalued for long, and by that I mean due to earnings catching up - not price falling. Still, I have been burnt too many times holding on to overvalued stocks (although ive been burnt selling them too thanks CAJ and GRB)...hence I was lucky to sell half of my averaged size holding this morning at 39c :D
Happy to hold the other half and would start to rebuy below ~32c.
RFL Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held
