Buy Hold Sell: 3 heavily sold-off stocks (and 2 now on fundies’ radars)

2023-03-17

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If there was one theme that stood out to this anonymous writer this February reporting season, it was that companies that missed earnings expectations were hammered by investors. Think Downer (ASX: DOW), which has seen its share price sink more than 16% after it missed consensus forecasts by -12% (and downgraded guidance by -18%, after already downgrading by -15% in December). Or Domino's (ASX: DMP), that share price of which has plummeted nearly 37% since it missed expectations in its half-yearly re...

If there was one theme that stood out to this anonymous writer this February reporting season, it was that companies that missed earnings expectations were hammered by investors.

Think Downer (ASX: DOW), which has seen its share price sink more than 16% after it missed consensus forecasts by -12% (and downgraded guidance by -18%, after already downgrading by -15% in December). Or Domino's (ASX: DMP), that share price of which has plummeted nearly 37% since it missed expectations in its half-yearly result. Or Star Entertainment (ASX: SGR), which has seen its share price fall nearly 15% since it reported results - with net profit after tax missing consensus by -14%.

But they say you should buy when there's blood in the streets...

So in this episode, Centennial Asset Management's Matthew Kidman was joined by Firetrail Investments' Blake Henricks and Market Matters' James Gerrish to analyse these three heavily sold-off stocks.

Plus, they each point to one stock that is on their radar (or has been recently added to their portfolio) off the back of results season.

Note: This episode was filmed on Wednesday 8th March 2023. You can read an edited transcript below:

https://www.livewiremarkets.com/wires/buy-hold-sell-3-heavily-sold-off-stocks-and-2-now-on-fundies-radars

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