What are your current thoughts on EML
EML looks cheap to me with a lot of upside. Do you believe it is just out of favour with the market, or is it cheap for a reason, and there are on going risks with the company?
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Answer
Hi Chris,
The market is usually an efficient beast so our initial thought was its cheap for a reason, even if it was ~90% higher in 2021. We sold out of EML in July ~90c at the timing saying “The momentum in Zip is superior to EML, and we think this trend will continue.” which still feels on point.
- We see no reason to 2nd guess EML at the moment, there are better alternatives in the market and sector.
