JBH 0.29% $80.54 jb hi-fi limited

consolidation, page-24

  1. 6,315 Posts.
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    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...
 
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