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Harvey Norman Ltd (HVN) $3.78

HVN is a consumer discretionary name that MM has successfully avoided over recent years but after almost halving we can see value emerging, it’s unlikely to find its way into a MM Portfolio but for the believers, we like the stock at ~$3.50.

  • We have not been fans of HVN but it’s starting to climb a wall of worry, we can see ~20% upside especially as the global economy remains firm.
MM is cautiously positive toward HVN
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Harvey Norman Ltd (HVN)
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