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Updated view on AZJ

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Updated view on AZJ

Hi James,

I am finding your Webcasts informative in the detail and helps form a view of the stocks reviewed. I would be grateful for your thoughts on Aurizon, particularly the short term. outlook and if it represents a Buying opportunity with such a High Yield of 7.0%.

Richard O.

Answer

Hi Richard,

Aurizon (AZJ) is currently forecast to yield over 7% which is clearly attractive in today’s economic environment however the capital deprecation by the shares over the last 1 ½ years unfortunately has more than offset that yield. MM likes AZJ under $4 but importantly we feel this is an aggressive play having observed the stock’s decline in recent times.

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Aurizon Holdings (AZJ)
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