Have no doubt that CCL is an iconic stock that is presenting a serious opportunity to buy on the dips, and may provide a better opportunity to load up before the share resumes its usual strong price outperformance.
The share has definite positives and definite negatives on the other hand, so it can't be pigeonholed as a 'good' or 'bad' stock.
It is hard to critically evaluate the pros and cons of a stock as a 'non-holder' when the old 'downramp' or 'negative' card comes out.
As a holder, one may not like seeing too much critical evaluation? Or they interestingly view it as a way of getting cheaper shares under the DRP??
Is it possible to even begin to contemplate to downramp a massive ASX20 stock like CCL with its staggering trading volumes? Or partly dictate the DRP conversion price?
Casper seems to ascribe quite a lot of power to idle postings on Hot Copper? Most people know they should approach comments on the site as just a collection of personal opinions and some useful/not so useful information.
HC postings have no effect on DRP prices, etc, The issues raised by many on the site are already in the general media. There are ASX continuous disclosure requirements.
Non-holders arguably have less bias as they are not wedded to holdings so can comment and simply move on to the next stock that takes their liking (and come back to comment further if their travels bring them back). CCL is definitely an iconic brand and it is fortunately an interesting share that piques people's interests. Asking for government assistance was one interesting approach by a company well-known for innovation.
It is good the share price is recovering - next Tuesday's profit announcement will be the real action holders and non-holders alike will be watching!
CCL Price at posting:
$11.91 Sentiment: Sell Disclosure: Not Held
