At the investor presentation meeting yesterday, Justin outlined reasons why we should not expect any great upside in the ASX for the next 12 months.
That being the case, how do we make money sitting on stocks that will probably be going no where?
My suggestion is that both ALF & WMK can make money without the index going up.
This would seem to be the ideal time to be getting out of some stocks & getting into both ALF & WMK who are capable of making money. I bought more ALF today at $1.25 which is at a discount to their net tangible assets.
Usually the best time to buy is when most others are selling.
ALF Price at posting:
$1.24 Sentiment: Hold Disclosure: Held