From Motley Fool this evening....."The retailer behind brands such as Super Cheap Auto and Rebel Sport has seen its share price tumble almost 23% since the turn of the year. This has left the retail group’s shares changing hands at a lowly 11x estimated forward earnings and providing a trailing fully franked 5.8% dividend.
Although there are concerns about the impact Amazon will have on its business, similar businesses in the United States have managed to compete successfully. I expect Super Retail will have learned from their example and will continue its growth largely unabated. This could make its shares an absolute steal at the current share price."
SUL Price at posting:
$7.99 Sentiment: Buy Disclosure: Held
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