Thoughts on Appen (APX) and CSR

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Question asked 01/03/2024

Thoughts on Appen (APX) and CSR

Hello, and thank you for your very helpful information.. What is your opinion of and value of Appen going forward in the AI space. I would also appreciate your thoughts on CSR - would there be good buying levels now? Tony

Answer

Hi Tony,

Two very different stocks here, both a distinctly different sorry to tell:

Appen (APX) 60c – the stock has plunged ~98% from its 2020 high and although its an “AI business” unfortunately its not one that has proved successful in this rapidly evolving industry. Remember, the share price will obviously bounce at times but so does a ping pong ball rolling down a staircase.
CSR Ltd (CSR) $8.82 – the building products business looks set to be swallowed up by French giant Saint-Gobain in a $3bn deal, at $9 a share. With the stock trading above $8.80 this week the horse looks to have bolted.

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Appen Ltd (APX)

LAST UPDATED 29/02/2024 11:01

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