Morning Report Tuesday 1 December 2015
Retail stocks getting the headlines for good & bad reasons
Good morning everyone and welcome to the start of summer!
So far 2015 has been a good year for some major retailing stocks. Harvey Norman is +17% and JB Hi-Fi +25% in a year where the ASX200 is down 0.8%. The iconic David Jones was taken over back in 2014 while its main rival Myer has experienced a tough time recently falling under $1, a far cry from its $4.10 float price back in 2009!
The retail space is clearly all about individual company’s performance and timing as also evidenced by another well-known corporate, OROTON (ORL), which has fallen 80% since 2011 highs but has also rallied over 45% from its low of July this year.
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