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Views on XRO

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    Views on XRO

    “Good morning James, What will be the catalyst to send the XRO (ZERO) share price into positive territory again? Not a fan of these lower lows! Kind regards, Charlie M.

    Answer

    Morning Charlie,

    Me neither! XRO is  a great story but its valuation clearly got too rich even for this bullish market above $150. Ideally we will see some good company news or an upgrade from a broking house around the $130 area. This has clearly been a great investment for MM but back above $140 we might consider exiting but at current levels it looks ok.

    XRO
    MM remains cautiously bullish XRO
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