WHC was smacked over 9% yesterday but investors shouldn’t forget that although this is the ASX200’s 2nd strongest stock year to date it’s a volatile beast having already corrected almost 40% on two occasions over the last year. MM doesn’t believe that the energy issues facing both Australia and the world have gone away, but they are currently being overlooked as recession fears escalate, another 7-9% downside and we will find this coal producer very attractive.
MM likes WHC ~$4.25
Add To Hit List
