Q: Hi 5i
When market sentiment turns against a company due to a miss, for example, in this case, like-for-like sales growth (1st slow down in 9 years), but accompanied by a dividend hike and an acquisition among other positives, how significant would you consider one miss? In terms of market expectations are some metrics far more relevant than others ?
I think it's too early to know whether "something has changed" but market reaction was brutal on one of my foreign holdings today (I won't mention which as its not a CDN or US holding).
I know this is a vague question but I guess market sentiment baffles me sometimes.
Thanks for any comment, greatly appreciated.
Mike
When market sentiment turns against a company due to a miss, for example, in this case, like-for-like sales growth (1st slow down in 9 years), but accompanied by a dividend hike and an acquisition among other positives, how significant would you consider one miss? In terms of market expectations are some metrics far more relevant than others ?
I think it's too early to know whether "something has changed" but market reaction was brutal on one of my foreign holdings today (I won't mention which as its not a CDN or US holding).
I know this is a vague question but I guess market sentiment baffles me sometimes.
Thanks for any comment, greatly appreciated.
Mike