DOW is one of my favourite stks. Company made massive balls-up 20mths ago and paid dearly. Some senior managers were sacked. DOW have learnt and long term holders have paid a big price. I am expecting DOW to outperform with its results next month and increase rev/profits/divs. Yet mkt tsunami smashed DOW SP today. Had to believe a local stock winning so much work could get hamered so hard by bearish news from overseas. I didn't buy more today as have no cash. But would love to double my holding at #3.40!! Was happy to pay $3.70 2 weeks ago. FY09 expect 56.5c EPS and divs of 9%!! Not bad for ASX100 stk. A classic contrarian buy right now. DYOR
DOW Price at posting:
$3.28 Sentiment: Buy Disclosure: Held
