Fleetwood joins the Growth portfolio
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Since we upgraded the stock in Fleetwood: after the bust? (Speculative Buy - $2.54), the share price has fallen 14% yet the case we outlined then remains just as relevant now. There is little doubt that worker villages, such as Fleetwood’s own Searipple, are struggling, but that is why the price is currently cheap. With revenue from the Osprey village due soon and a potential turnaround in caravans possible, we’re using this opportunity to add a 2% position to the Growth portfolio. We’ll complete a more detailed review of the business later this week. SPECULATIVE BUY.
Note: We're adding 3,200 shares in Fleetwood at $2.17, worth $6,944, to the Growth portfolio.
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