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Fletcher Building Ltd (FBU) $4.63

As we wrote yesterday “Fletcher Building (FBU) -6.26% seems to always disappoint at earnings time, and today was no different with adverse weather to blame this time around.”. The stock fell the most in 8 months after its 1H Net Profit fell 46% and it downgraded annual EBIT after excessive flooding, a very different business to AZJ but the same issue with the rain.

  • We have no reason to catch this falling knife.
FBU
MM is neutral to bearish FBU around $4.60
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Fletcher Building Ltd (FBU)
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