Stocks Down Under 25 June 2020: A2Milk, Southern Cross Media, SelfWealth
A2 Milk: Milk as rocket fuel
Every now and then in the places where investors and traders gather online to exchange ASX-related share ideas, posters will use the ‘rocket’ emoji to describe a stock that is rocketing higher or which the poster believes (or hopes) will rocket higher. Well, here’s the ultimate rocket emoji stock in terms of what just happened: Last November you could buy the Sydney-based dairy company A2 Milk for just $11.31. It barely went down at all during the Corona Crash, and it’s been as high as $19. However, we’re concerned that this milk-fuelled rocket may soon lose some altitude.
Also in this edition, why we like Southern Cross Media (ASX:SXL) and why we're cautious with SelfWealth (ASX:SWF).
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