Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and the team, Thanks for your valuable insights! CDA. It's been heavily sold off. I heard through a mining executive here in WA that it was a valuable business for their industry. Do the fundamentals look good?
Hi Kim,
One of the first books I read with regard to investing was the absolute classic and must read – Reminiscences of a Stock Operator, and one of the standouts to me was a quote along the lines of “don’t fight the tape”. The fundamentals around the electronics solutions business read well having delivered a record profit in February i.e. it delivered a NPAT over $50mn, its highest profit in the compnies history
However, having fallen over 60% from last weeks high and continuing to make fresh lows for this year we’ve simply put the stock in the too hard basket until further notice.
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