Like
CMC Markets’ Chief Market Strategist, Michael McCarthy likes Ardent Leisure (ALG). “The group is moving on from the Dreamworld disaster. A strong performance by its US arm Main Event and a positive trend in its local Theme Parks business was masked in last week’s half year result by a number of one off factors. including costs flowing from the tragedy and the divestment of its Bowling and Entertainment business. Trading near 7 year lows, it may fit a value investment profile” he says.
Source: Google
Dislike
Michael doesn’t like Automotive Holdings (AHG). “Although AHG’s first half headline loss is attributable writedowns, underlying operating profit also fell,” he says.
“The company is fighting battles on a number of fronts. Cutting the dividend is potentially a prudent move, but along with cost cutting measures also possibly a signal of difficult times ahead,” he warns.
Source: Google
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