It is true that bloaters has his own style!I think bloaters does...

It is true that bloaters has his own style!

I think bloaters does a great job and he gives me lots of laughs! He is truly performing a community service by helping to bring down prices of stocks that may be overvalued.

He is clearly working hard to find potentially overvalued stocks, but is possibly assuming their earlier bad news will continue. CCL has already fallen 20% so wouldn't that possibly make it 20% harder for him to profit from shorting it? It is no secret that CCL has been in a grocery price war so we all make assumptions about how long that situation may continue.

It is probably fair to say that share dabblers, like gamblers, don't spruik about the bets they get wrong. Our wins on the other hand are always worth sharing!

CCL is presumably not in as dire a competitive position overall as some other consumer discretionary players like MTS or DJS. The CEO has said the non-grocery parts of the business are performing well.

I agree that the p/e is above average, but CCL is an iconic brand that the recent drop in SP will allow a greater range of new holders to enjoy and benefit from their new investment. The stock has monopolistic qualities and a decent largely franked dividend. It has had a nice chart like the major banks over the years. Buying it on this dip has possibly been a good move for more new holders, and another opportunity to diversify their overall holdings, as the SP is starting to recover further.