RE:AF
Hawker12 wrote:
This is the statement that explains it all from RBC.....perception is reality.
"Volatility" remains an understatement when describing
AVO share price moves over the past 18-24 months.
Quarters that miss and beat forecasts, management changes,
a negative overall shift in sentiment, and concerns about
margin sustainability and competitive pressures remain key
issues for the stock, in our view. While we believe the business
is performing well, from a stock perspective we believe the
volatility warrants investing discipline.
What a bunch of cr*p. This guy's view doesn't even come close to reflecting reality.
Revenue has been on forecast for the last 4 years and are expected to be again this year.
And earnings have pretty much followed, apart from Q1 and Q2 of this year due to the focus on buiding up the business, and one quarter in 2014 for the same reason.
If anyone doubts that, they should have a look at the graphs on the Financial Time website:
https://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=AVO:TOR