I know you get a lot of queries regarding A2 Milk and I know both yourself and Paul have been fans. I did my own research and whilst I didn’t get in at the $13 to $14 range, as most of your readers may have done I got in at $10. One of my reasons was buying a stock which was $20 for $10 gives me a fair bit of margin of safety but now it looks like this will touch sub 7’s or even high 6’s.

I think most of us know the issues with A2M, given the border closures etc but there seems to be a lot of negativity tied to this stock at the moment. My question is in your view if I have a 2 year view from now do you think it can get back to $10 or is the growth and high margin days behind this company. I realise its a difficult one to answer but over 2 years I am hoping I can recover my capital.

Hi Paul,
WOW is to launch the hotels business mid year.
Have you any insight as to how this may effect WOW share pricing etc and will the hotel company be brought onto the market sharing the share price of WOW.
Would it be a move to purchase more WOW prior to listing new company?

I want to better understand what the drivers are that move a stock price up or down Specifically I am confused by the performance of growth stocks which have nil revenue generation, do not pay any dividend and/or have a business model that are based on the future commercialisation of a set of products currently under development. These companies appear to be speculative and the market seems to pump these stocks up and then take profits. A typical example might be PRL which is up 6.9% today (26/3). Why would someone or an institutional investor buy this stock
Seems like a lottery to me and keeps driving me back to value based trading (less risky, generally) but as Im 70 years old, Im wanting to have some fun in the market and growth stocks may provide this outlet.