Keith Richards
Regal Lifestyle Communities
RLC-T
SELL ON STRENGTH
May 03, 2013
It was already in a downtrend. You can see a little bit of support and then it broke it hard. It could be a bit oversold and you might get an oversold bounce, but if you own it, consider selling on such a bounce.
2 business, Venture Steel, a steel distribution company and a fabrication business for retail and automotive. Has struggled with low utilization levels of its capacity and has taken on an inordinate amount of debt. End market demand is also weaker. Fairly valued.
It was already in a downtrend. You can see a little bit of support and then it broke it hard. It could be a bit oversold and you might get an oversold bounce, but if you own it, consider selling on such a bounce.