Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and team, Thank you for your informative regular updates on the market. Unfortunately I sold my AGL holding after the stock dropped on Macquarie's downgrade. I note that MM is neutral on AGL after earnings and the 10% price reversal. In MM"s view would it be a good strategy to buy back and at what price please? Thank you again for keeping us subscribers on track. Adel
Hi Adel,
We provide general rather personal advice at Market Matters. We own the stock, with a 4% portfolio weighting in the Income Portfolio.
While we are neutral ~$8.50, we have gotten more positive after they improved their earnings guidance this week. At this stage, we are intending to remain long the stock.
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