Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James & Team.
I'm using OZ Minerals as an example "MM is neutral OZL at current levels $25.17 - looking for entry into weakness" This is where it gets a bit confusing for me. You address the buy opportunity but as I held on to OZL do I sell now and hope to pick up the stock again at lower levels. It probably depends how active you want to be in this market but If you still held OZL would you just be holding?
regards Debbie
Hi Debbie,
We did a “Direct from the Desk” deep dive into OZL on June 8th which can be accessed on our website : Click here to view
The bottom line is we believe it’s a great company with excellent long term prospects but its not cheap close to $26, hence our neutral call, however we would be happy to buy it into a pullback as we don’t own it currently. It’s important to recognise that at MM we simply write about our views, what we’re doing across our portfolio and we leave it up the individual subscriber to determine what is best for them. We would become interested in OZL again nearer $20.
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