Boral has been under Algo Engine sell conditions since late 2017. The stock made a new low last month following the company downgrading FY19 earnings.
Weather and project delays were cited as the main reasons for earnings coming in below prior forecasts.
With the share price falling from $8.00 in February 2018, to a low at $4.40 in March, value continues to stand out in historical terms.
Based on expected FY20 earnings, we have Error with ischart shortcode. No symbol attribute defined.trading on 10x PE offering a 6% dividend yield.
Accumulating the stock throughout this year, will likely prove a long term discounted entry level.