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Seek Ltd (SEK) $25.40

At MM we’re often asked what’s our favourite beaten up tech name (s) and the answer is by definition dependent on the market/prices on the day however one that looks attractive today after its 34% correction is on-line employment business SEK which importantly has a strong degree of certainty around its earnings as opposed to the “smoke and mirrors” that carried much of tech stocks higher post the GFC and COVID. The stocks currently trading on an Est P/E for 2022 of 36x while also paying an estimated small 1.7% yield, nothing too scary in our opinion i.e. we feel it’s likely to have less downside than many other tech names from here if the sectors valuation contraction continues.

SEK
MM likes SEK around $25
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Seek Ltd (SEK)
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