Like some of my stocks have gone up WAY out of proportion to their "importance" but one stock that I recently said sell I have to now give a buy because it has come down in price for one reason and that is because of the Tiwai Point fiasco.
It came down from the early 9's to the mid 6's and dropping.
i wouldn't be at all surprised to see it cross the ditch to land up in the high 5's.
Paying almost 6% net at current prices - not forecast to lower this years payout - this one is a steal right now.
You could get it cheaper but history says you might not - especially given today's low interest rates.
For seasoned short term sellers and long term holders.
CEN @ Share Investor
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