Company Report
Last edited 4 months ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#88
Performance (55m)
2.5% pa
Followed by
3
Straws
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#Another Cracking Result!
Added 4 months ago

I bought into CDA a couple of years ago with an average buy in of around $6.50 or so. I came across this company after reading @Bear77's in-depth dive into the company's fundamentals. Surprisingly I was already familiar with Minelab detectors as I have a family member that owns a store that sells the gear, I just had no idea that they were owned by Codan or publicly listed.

I always loved how CDA were so moderate with their guidance and expectations, but always end up blowing it out of the water. I ended up selling all of my IRL position at $11 to put the money onto my mortgage, and while it was the right move for me at the time, I will admit it hurts to see their price now after that last great result (although it was to be expected). Thanks to Peter Lynch, I know there's nothing stopping me from jumping back in if I think it's going to continue going up!