Pub29 Nov 2009 10:59
Its a fair point and it's a good possibility that these will hit 2 quid by next summer.
In the short to mid term however,these could be going a lot lower.
Maybe not to the 30p seen in March but some care is required.
My reasons for this are that it almost seems to be a bearmarket just now for mid cap and some cyclical stocks.
Especially ones with a lot of debt.The money has been rotated out of these stocks and into large cap
yield earning stocks. Even the likes of barcs(where fundamentals are good) have suffered because of this.
Look at the trends for barcs,rbs,ifl,pub,jpr,mec,tw,bdev etc.
There are loads more examples,in fact the stocks suffering recently have been the most popular on this site
because of how far they have risen from such a low base.
This isn't just an issue for pub as you will see if you check the other share bbs.
I'm just concerned that midcap shares have been getting punished all autumn,but what would happed to
the share price of PUB if there was a larger correction on the indices.
Remember this has fallen 50% from summer highs while the indices have been rising.