Hi Glenn,
Being real is what we’re all about, so thanks for the comment, we appreciate it.
Please exclude brevity here but obviously a few stocks within your question:
1 Funeral operator InvoCare (IVC) has struggled over recent years as competition has intensified and COVID ironically has reduced the number of deaths and size of funerals, however from a risk / reward perspective its now looking interesting between $10 and $12. IVS is a low beta stocks meaning that it does not track the market closely. All in all, we’re neutral to slightly positive.
2 Woodside (WPL) missed earnings expectations in February and has struggled ever since even as crude oil pushes well above $US60/barrel. The technical risk / reward is ok around $24.50 but we prefer other stocks and sectors at this moment in time.
3 Previous market darling a2 Milk has demonstrated exactly what happens when a growth company fails to deliver on expectations, in this case by falling over 60%! We believe some value has returned to this dairy and baby formula business and when it does finally turn the corner with its China distribution a rapid push back towards $12 and potentially $14 feels likely. We saw Bells upgrade the stock this week on tentative signs that China was turning the corner. We remain optimistic A2 although we don’t yet have enough conviction to add to our 3% holding.
