Thursday, April 13, 2017

Fisher & Paykel Healthcare Ltd: The Time to Buy

Fisher & Paykel Healthcare Ltd [FPH.NZX] . If you are a regular reader of this blog over the last 10 years or just a recent convert you will know that I am in love with this stock.

I bought It over many years AND I bought it for a good price.

It currently returns well over 10% p/a and I expect it to increase substantially as the years tick over.

If you are a holder well done but if you're not when is a good time to buy?

My answer to this is not complicated. 

The first thing to remember is that I didn't buy the bulk of my holding until January 2012 and that was after having it on my watchlist for many years.

I bought, because the shares were good value - mainly due to the lower value of the kiwi/US dollar cross.

The lower it goes the less money Fisher & Paykel Healthcare make when it is converted back into kiwi dollars.

Unless there has been a drastic change in the structure of the dollar market this same effect will happen again - no matter how much Fisher & Paykel hedge against the US dollar.

This should have an impact on the share price.

Nothing wrong with the company just the relationship to its various branches - in this case the US one.

Fisher & Paykel Healthcare @ Share Investor

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Discuss FPH @ Share Investor Forum
Download FPH Company Reports

Share Investor 2017

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