Stocksnstuff
2022-07-23

$EML Payments(EML.AU)$ I bought EML after the share price plummeted due to the surprise exit of the CEO. Fundamentals of the company are still strong and they are winning new global contracts.

Stocks are often oversold on surprise bad news and as can be seen with EML, they can bounce back very quickly too. As always, do plenty of research to see if there is any substance to the negative press, while we can't always know the motivations and movements of company directors, the more we read, the more we learn, and ultimately, the more we can profit. 

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Comments

  • EvanHolt
    2022-07-26
    EvanHolt
    Are you bullish on the tech sector in the second half?
    • Stocksnstuff
      Definitely, I think even with higher interest rates, tech has been oversold and represents great value.
  • Maria_yy
    2022-07-26
    Maria_yy
    What are your reasons for buying EML Payments?
    • Stocksnstuff
      They're a strong, growing company that has been caught up in the tech sell off, compounded by a few negative stories that haven't impacted their core business
  • ElvisMarner
    2022-07-26
    ElvisMarner
    What is the company's main business?
    • Stocksnstuff
      Payment solutions, specifically pre-loaded cards for corporate and retail.
  • BellaFaraday
    2022-07-26
    BellaFaraday
    I believe it's not a problem for this stock to go to 2.
  • MortimerDodd
    2022-07-26
    MortimerDodd
    Thanks for the recommendation. It's a good idea to follow EML.
  • ElvisMarner
    2022-07-31
    ElvisMarner
    Inflation has had a big impact on the stock market and even all stocks.
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