Does MM like Retail Food Group (RFG)?
RFG had a nice jump today , I see smart guys like SOL has bought 5 % of stock as a small trade long term do you see this stock as a growth stock ? Thanks Glenn
The Latest Q&A
Answer
Hi Glenn,
RFG held its 2022 AGM yesterday, with three key developments: 1) FY23 earnings guidance was provided for the first time, with an Underlying EBITDA guidance range of $26.0-29.0m 2) FY23 YTD trading figures appear very strong, with management noting ‘considerable optimism regarding potential trading outcomes’ over the upcoming holiday period; and 3) New stores continue to be added to the domestic network despite challenges including outstanding regulatory matters and the lingering impact of COVID.
We believe this is an interesting speculative buy for the brave – our analyst that covers the stock is very very keen on it which he stressed at length to me at last nights Christmas Party, following a few shandies!
