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.