GMG has certainly experienced a year to forget so far but we still feel it remains a quality business that is offering excellent value around $17. The stock has certainly been under pressure from overall concerns towards both the Property Sector and growth stocks generally but in our opinion, the elastic band has become very stretched and a snap back is very close at hand, if not already underway.
- We like GMG and are long in our Flagship Growth Portfolio.
MM is bullish GMG looking for ~20% upside
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