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What would be your entry price for Metcash?

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What would be your entry price for Metcash?

Hi I'm still kicking myself for not participating in the Metcash share purchase plan earlier this year, so I have my eye on buying some more. Your analysis of Metcash seems spot on and it's still on your Active Growth Portfolio hit list - at what price would you hit the buy button? Cheers, Carl

Answer

Hi Carl,

We actually believe MTS looks great right here, right now, at $3.84, although a lots of stocks do as we challenge fresh all-time highs. However, as we run real money portfolios at MM we have to sell something if we want to purchase MTS for our Active Growth Portfolio, we already own it in our Active Income Portfolio.

  • MM is likely to consider MTS for our Active Growth Portfolio if/when we adopt a more defensive stance to equities in general.
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Metcash Ltd (MTS)
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