Edge,
Just look at what's happening with retailers today - DJS, HVN, JBH etc. They are being sold down on an up day because of industry concerns and not stock specific issues.
It's amazing that a stock with good growth (yes, through new stores opening), strong management and healthy margins (21% is pretty good if you ask me) and trading at a PE of 8ish is not being picked up by super funds and LT investors. I think when the penny drops and the fear campaign about retailing subsides, JBH will fly.
As I mentioned in a previous post, Mac Equities has a 12 month SP target of $15.96. I'm stocking up and waiting for some sense to return to the market. By the way, my stock is held in my super fund so I can afford to wait...
consolidation, page-24
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Last
$80.54 |
Change
0.230(0.29%) |
Mkt cap ! $8.805B | |||
| Open | High | Low | Value | Volume |
| $81.00 | $81.10 | $80.13 | $8.592M | 106.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $80.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $80.55 | 796 | 1 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| JBH (ASX) Chart |