If I had a choice of backing major fund managers vs Alan Kohlers report I will take the fund manager any day.
The price is dictated by the major insitutions and it seems there is buying action at this end.
ABC is essentially now an Australian operation and the changes benefit this market. Let's not forget the demographic factors of the babyboom experienced in Australia over the last few years. Alot of these children will end of in childcare. Specially if the cost of living keeps going up.
The stock is trading at a very low PE and a high dividend yield even if they slashed it by 50%.
I think at these levels its a steal although I understand many bought a much higer prices
ABS
a.b.c. learning centres limited
