Mark Riggall: Milford Asset Management portfolio manager on Fletcher Building's stock dropping by 15 percent
Heather du Plessis-Allan Drive - A podcast by Newstalk ZB - Wednesdays
Poor trading conditions, intense price competition and lower building product sales have prompted Fletcher Building to downgrade its profit forecast. The forecast has been downgraded $640 million to $540 million - move that caused stock to sink 15 percent. Milford Asset Management's Mark Riggall explains what's causing Fletcher Building's economic woes. LISTEN ABOVESee omnystudio.com/listener for privacy information.
