DXS has struggled over recent years, although its large dividends have helped cushion the decline – it is forecast to yield ~8% over the next 12-months. There remains plenty of work to do at DXS as it continues the AMP integration while grappling with mixed demand for office, but a turn in the property market can only help the process.
- We are bullish toward DXS and can see a sharp bounce to the $8 area: we’ve held DXS since December in our Active Income Portfolio.
MM is long and bullish toward DXS
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