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.
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c Share Investor 2017
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