By Steven Moore | Tuesday 11 June 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Following a trading update in April I commented that FTSE-250 constituent Dialight plc (DIA) was a high quality business but that ‘the high price-earnings multiple means that the shares are currently vulnerable to any even minor disappointment from the company or adverse change in stock market sentiment’. The shares then traded at approaching 1300p. On the back of a trading statement today, the shares currently trade approaching 13.5% lower on the day at 1158p.
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