LIKE
Michael likes Ooh Media (OML). “Its share price is trending upward from a lower base after a reset of earnings expectations,” he says.
“Unfounded and denied speculation of a Management Buy Out continued the lift, but could also highlight potential value in the stock. A PE of around 15 times compares well to longer-term growth expectations around 9% pa,” he adds.
Source: Google
DISLIKE
Michael doesn’t like Telstra (TLS). “The share price rallied around TLS’s investor day last week,” he says.
“Management confirmed previous estimates and its broad strategy.
“A number of brokers upgraded their valuations, however this put many of them in the vicinity of $3.90, roughly where TLS finished the week. Implied in that confirmation is a lower dividend to come, and $4 was a bridge too far for TLS in its previous rally.
“In my view, a good opportunity for long-suffering shareholders to bail out,” he adds.
Source: Google
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