MM is cashed up across our portfolios looking for a market pullback to again wade back into equities and our first reaction when we see a stock tumble almost 16% in one session is to evaluate if things look overdone. However in the case of CGF which guided to lower end of profit expectations, effectively a 7% downgrade, the stocks not ticking any of our boxes. We aren’t fans of CGF who struggle to produce a clear earnings path, just because we have cash doesn’t mean we should rush out and start buying i.e. if in doubt stay out.
MM is neutral CGF
Add To Hit List
