Aristocrat Leisure has a suffered a massive drop (at least -18%)...

Aristocrat Leisure has a suffered a massive drop (at least -18%) to around $22-23. At these prices it is clearly undervalued. MorningStar rates it 5.71% undervalued. SimplyWallSt reckons it is is more undervalued than this at 13.9%. thScreener has give it a -1 star rating. And Citi has cut its target price for $ALL down to $32.We believe it is a good stock to own with a dividend yield of around 2.5% because of the following rewards:-Trading at 5.71%-13.9% below its fair value-Earnings are forecast to grow 12.4% per year-Earnings grew by 28.8% over the past year