What is WAM seeing?, page-14

http://wilsonassetmanagement.com.au/2018/07/13/10-predictions-for-equities-in-fy19/


3. Retail sector bounces back

Six months ago, fears about Amazon’s impending arrival in Australia weighed heavily on retail companies, with many heavily sold off in lead up to the launch. Although Amazon’s arrival was underwhelming and below expectations, the share prices of these companies in some cases have yet to recover. With the Australian economy and consumer in good health, we believe consumer discretionary stocks can outperform in FY2019 based on their historically low price to earnings multiples.


GXL is trading on ~12 PE ratio wise..relatively cheap compared to average across the market..