Coming out with a profit warning today, Sims (SGM) now expects a break-even for Q1 earnings due to ongoing market fragility. Our experts, Mathan Somasundaram from Deep Data Analytics and Gaurav Sodhi from Intelligent Investor, share their views on whether they would buy, hold or sell. Gaurav points out that it comes down to how much metal they can push through their yards and what the price of steel is at the moment - he's not that keen on commodities, so would want to see a much lower price before he dived in. Mathan agrees too. Watch the video for more on their discussion about the impact of global market shifts on the economy and assumptions around the role the Chinese economy could play.
Watch the full episode here: ausbiz.co/the-call-1109
Stocks covered:
Civmec CDI (CVL)
Mercury NZ (MCY)
BSP Financial (BFL)
Domain (DHG)
Lake Resources (LKE)
Matrix Composites & Engineering (MCE)
Fonterra Shareholders' Fund (FSI)
IPH (IPH)
Metrics Master Income Trust (MXT)
Dicker Data (DDR)
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