Overbought, page-2

Any reason why you think that?

Current share price is about 28% ahead of the 52 week low (almost a year ago) and in that time CTX has delivered improved operating metrics, made some eps accretive bolt-on acquisitions, is benefiting from an improved macro background and is possibly a beneficiary of the competition decision regarding the sale of WOW's petrol stations. I'm not seeing anything that suggests that these will change in the near term (acknowledging that POO and AUD are notoriously unpredictable). The only potential negative of any substance is the acquisition of minority stakes in overseas companies - even though the logic makes sense that strategy has often produced poor results for shareholders in other companies.