We mentioned liking BSL around the $20 area in yesterdays “The Match Out” report as MM feels value is back on the table following the company’s 25% correction. The steel manufacturer is obviously set to suffer as Chinse property development slows hence we wouldn’t be chasing any strength preferring to consider accumulating in the $18-$20 area.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM likes BSL around $20, or below
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