I hope you are right in your thinking as I hold stacks as well. That's amazingly creative lateral thinking on your part, but you could just be onto something there.
I do know their fundamentals are very impressive - especially the cash flow, return on equity and cash in the bank. They have also confirmed that the next half will be even better than the last half.
Something else to consider: Austin Group supplies clothes at the cheaper end of the market, which might be especially appealing to Australians pulling in their belts over the next year to get their high household debt under control. Who knows?
I alos love investing in new turnaround stories as the management tends to be very switched on and responsible.
Cheers, Anne
ATG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
