Futuris Corp is one of my dad's old favourite companies. In actual fact this is precisely the type of company that is good to buy in these times because it is a large company with good exposure to the rural Australian economy. There are several reasons why we should be excited about that:1. Commodity prices might have collapsed, but food prices will hold up better, and the $A has collapsed as well so $US receipts from commodities will translate into a lot of $A. That is good for farmers.
2. I would also expect the rural sector to benefit from infrastructure projects in rural areas. Nation building projects.
Aside from these points - the stock has reached a low point. Looking at the chart, we can see a hang-man candle pattern, which to my mind is a signal to re-enter this stock.
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Andrew Sheldon www.sheldonthinks.com
2. I would also expect the rural sector to benefit from infrastructure projects in rural areas. Nation building projects.
Aside from these points - the stock has reached a low point. Looking at the chart, we can see a hang-man candle pattern, which to my mind is a signal to re-enter this stock.
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Andrew Sheldon www.sheldonthinks.com
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