@fourdollars: Sorry for my mistake. I honestly thought you meant going up 20% from its lowest recent point at $20.
I think my optimism in CCU stems from the fact that I believe (through technical analysis) that we are rebounding off a major bottom in POS.
Sure they may be one or two more short-term sell-offs, but I believe the major trend from this point onwards is up.
And that is why I believe the rising POS will pull CCU out of their predicament, as long as CCU management pulls their weight to ramp up to nameplate capacity within the next few months, while keeping their costs from rising more than forecasted.
Hope to see you all in the upcoming AGM in October, it will be an interesting one, that's for sure!
CCU Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held