COH may have bottomed out. There seems to be slow growing support in SP.
From the half year report:
**** Last August, and again at the October AGM, we provided guidance for F08 for core earnings growth of approximately 15 – 20% depending on the strength and rapidity of the Australian dollar’s appreciation. We confirm that the business is on track to achieve this growth in core earnings. Dr Chris Roberts Chief Executive Officer / President 12th February 2008 ****
There has been no announcement to change this outlook, so it should be interesting to see what is in the FY report. A$ is downside risk.
COH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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