Turkey of the week:
“Down but not out,” claims Finweek.
“Invest for the long-term,” cajole the experts. If you follow their logic then any share is worth hanging on to. The question is when a ‘blue chip’ share loses its lustre for good. We think, for example, of a counter like Pretoria Portland Cement. Yes – it’s a great business – but it lives for cement sales. And with sales on the downturn through recession you might step away from the counter for three to five years and not feel the slightest ‘capital gain’ regret. The same could be said of another JSE stalwart, Barloworld Limited (JSE: BAW).
A strong dollar and resurgent commodity market is good news for local equities. Gareth Stokes asks a handful of industry experts what you can look forward to through 2010…
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