PGR 0.00% 5.2¢ the pas group limited

Held the line, page-10

  1. JID
    3,679 Posts.
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    Hi Guys,

    It's across the board in retail and apparel in particular. I think that it is a combination of:

    - poor economic data from the retail data
    - downgrades from other retailers (e.g. TRS, RCG despite retailing different items)
    - Media coverage of the carnage within the retail sector (and shopping mall owners) in the US
    - Fear of what will happen when Amazon locate to Australia

    If you believe that PGR know what they are doing and will survive/ thrive then it is good value here. However, there are definitely headwinds.

    At these prices I don't think that Colosseum could be considered an overhang but you never know.

    Cheers
    John
 
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