FBU - Fletcher Building

[peter2]

FBU presents as a speculative reversal setup off it's recent all time lows.

They've recently announced the sale of Tradelink.
Their third party cement transport ship has resumed working after mech repairs. Cement sales guidance reduced.
The class action re the poly-tubes continues.

The price action looks like FBU may be bouncing off the bottom. There's a HL on the weekly chart.

 

[finicky]

Fat Tail Investment Advisory still has a buy on this for a patiently held turnaround stock.

Not Held

 

[divs4ever]

Fat Tail Investment Advisory still has a buy on this for a patiently held turnaround stock.

Not Held

i hold but am not game to add yet

maybe $2.50 to add was too low . but this keeps surprising to the downside

do i add and kind of hope for a take-over offer ?

i might wait and think some more

 

[qldfrog]

Too late to short, but maybe not to get out

Iplex leaky pipes: BGC says funding deal falls well short of a fix

New figures the home builder has released have blown previous cost estimates out of the water.

www.watoday.com.au

 

[divs4ever]

well i didn't add when it dipped below $2.50 recently

but is it low enough to at least calculate a target , or is there more news to come ??

has missed paying divs. this year , and you might be doubtful about any divs next year

$2.50 feels too high for me

will i have time to consider carefully over the weekend ?

 

[finicky]

One complication too far for me.

Not Held