It’s a pity that many deserving companies on ASX are not getting the valuation they deserve because they’re too small to fall under fundies purview while retailers fall into two categories- those buy and hold investors in large cap names like BHP and CBA for dividends and those traders and speculative investors who’d rather buy resource companies with hope of something in the ground.
So if I were owners of these established businesses that have been listed awhile on ASX and got no love despite good operating results, I too would want to look to Americans to acquire the company, get the premium and retire not having to worry over challenging business environment ahead. And the Americans will find them so cheap too because of strong USD. Here I am talking about the ASX listed businesses with strong IP , worldwide footprint and have good growth and no to low debt but still undervalued valuation.
