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Total over-reaction, page-3

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Anonandon

750 Posts.

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04/12/14

16:28

Post #: 14409388
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Originally posted by loader_kicks ↑

Unfortunately management has lost some credibility with the downgrade especially with IPO figures missed. Although it looks cheap (not really as the retails sector is trading on low multiples anyway) now it might look expensive in 12 months time when a series of downgrades follows. Problem is retail is a very tough environment at present and the the Aussie economy is weakening which only points to further deterioration in retail spending.

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Agree, but there are some tail winds in the foreseeable future - lower dollar, lower oil/petrol, interest rate cut likely.

PGR Price at posting: 64.0¢ Sentiment: None Disclosure: Unspecified
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