RE:Entering at 27.7020% of the debt is in pounds. 20% of the debt got 7% cheaper. USD consolidate revenues and profit from AMCO will be lower. Although I agree that it's not a huge deal. But important to note most of their debt is still in USD.
kender77 wrote:
1) Stock is testing this level for the second time and holding
2) Debt is in pounds so it just got 7% cheaper (cancels revenue loss)
3) Peter Hodson (runs 5i research) has a 3 year annualized 18% return on his picks. He's been positive about it on the media)
4) PE = 3.2 (mind you that often means little at least short-term)
I'm putting in 1/3rd of my typical large-cap position size.
This forum, which I infrequently visit, shows overly emotional investors. Keep emotions out of your trades. That's how I have growth my portfolio to > 1M after 13 years (with an average salary).