What to do with Service Stream (SSM)?
Hi James ,
Could you please comment on SSM, it has been disappointing and does not appear to be able to bounce in this strong market ...still worth holding as an income stock?
Many Thanks.
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Answer
Hi There,
I actually have friends that used to work for SSM who were made redundant 6-months ago but they are now being taken back on as contractors as the company wins back work. MM feels SSM is looking for a low around 90c with the risk / reward attractive at current prices, if they do maintain a dividend in August the stock will look attractive as both a potential yield and capital appreciation play.
