“Long and wrong” is unfortunately the first thing that comes to my mind when I consider our recent purchase of a2 Milk (A2M) following another poor report yesterday and perhaps more importantly clouded outlook – it simply needs the China daigou channel to open back up to start kicking goals but this is taking longer than expected. We had felt the stock halving was already overcompensating the recent company downgrades, the question we are now asking ourselves is if / how quickly can this NZ based business turn itself around – this is a great example of being open-minded as A2m was undoubtedly one of the markets hottest / most popular stocks just 9-months ago.
MM is watching A2M carefully & not adding to our small 3% position yet
Add To Hit List
