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Intelligent Investor
Intelligent Investor

CMI Ltd

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By Intelligent Investor · 25 Jan 2002
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Intelligent Investor
By Intelligent Investor ·
25 Jan 2002
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Recommendation

CMI Limited - CMI
Current price
$1.37 at 16:41 (16 January 2019)
Price at review
$1.42 at (25 January 2002)
All Prices are in AUD ($)
CMI (CMI) - $1.42: Although this engineering company is trying to move away from its reliance on a few key customers, diversification will take time. Ford's recent turmoil in the US is not a positive for the company and with the stock up 29% since issue 93 (Buy - $1.10) it's too risky to buy into now. That said, the dividends should continue to flow so HOLD FOR YIELD.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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