This is a stock that could do anything, and the loss of government grants has it down ~11% since we flagged it as a conviction buy. At the cutting edge of carbon reduction technology for industrial applications like cement production, Calix ‘should’ have a huge future, however, we are always cognisant that left-field events can hit companies that are big on storyline and light on earnings, particularly those with a market cap of ~$1bn like CXL. We originally bought CXL at $4.22 with a 4% portfolio weighting and continue to believe the stock is a buy, however, we caution on position size given the risks in the execution and commercialisation of their technology. MM has no intention of going above a 4% portfolio weighting.
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Friday 9th May – Dow up +254pts, SPI up +3pts
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MM remains bullish CXL <$5.00, although we have no intention of increasing our ~4% weighting
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Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.

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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March

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Friday 9th May – Dow up +254pts, SPI up +3pts
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