Forum Archive Index - November 2003

[Robin Benson <rob@hammerheadmedia.co.uk>]

On 25 Nov 2003, at 05:46, <philip@goodreturns.co.nz> wrote:

> Does anyone have a view on WRI’s latest downgrade?

WRI appear to have been (over?) sold down on the basis of honest 
reporting about their outlook for the near future. Contrast this 
approach with companies who only come clean after the fact. Yes they 
will suffer on the back of a high dollar and rural woes, but they are 
well-run, are focused on making the best of their sector, and pay a 
healthy share of profit in dividend. Bearing in mind the dollar is at a 
current high against especially the USD, the recent market punishment 
may in fact represent an opportunity to buy or consolidate at the 
current the price ($1.33 when I began this message, $1.35 now).

Robin

discl. hold WRI


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/