Like
There was M&A activity in the outdoor advertising market in 2018, and last week’s action may turn out to be highly significant, which is why Michael likes Ooh! Media (OML).
“This stock traded up by more than 8% last Friday, on better than double the average volume over the last month,” he says.
“It should be stressed that there’s no known deal or bidder at the moment.
“This stock is attractive to me at a P/E around 15x,” he adds.
Source: Google
Dislike
Michael doesn’t like Woolworths (WOW). “The deal to exit the liquor and gaming businesses has excited the share price,” he says.
“I’m unsure if there is value to unlock, given WOW is trading on about 26x forward earnings.
“I’m happy to unload anywhere near its recent high at $34.84,” he adds.
Source: Google
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