
Follow
the podcast on
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 ABOVE
Take your Radio, Podcasts and Music with you
