Morgans today - "Morgans sees footwear specialist Accent Group producing a standout resultamong Aussie retailers, but could this be as a good as it gets for investors? Theinvestment bank is tipping 1H ebitda to increase by 15-20%. "However, this growth rateisn't sustainable in our view, with the major tailwinds driving this growth to be cycledfrom the second half," Morgans says. Accent shares have been rangebound since October,but remain up around 40% over the past year."
This increases my long conviction!
Morgans have been,by far, the worst performing broker that covers AX1. With the others Bells and Citi.
They've been massively behind the eight ball since Daniel took over. In saying that they did express the exact opposite in November with the earnings risk still to the upside...
AX1 Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
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