Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hello James and Team, Interested in your current thoughts on Lindsay Australia (LAU). The company used to be on your hit list for the Emerging Companies Portfolio. To us the Stock Report looks good but with some risk. Cheers, Geoff
Hi Geoffrey,
For those not familiar with LAU its a transport & logistics business with a market cap. of $333mn, we still like it as a candidate for our Emerging Companies Portfolio – their FY23 result was solid including record revenue of $676mn and a 2H fully franked dividend of 3cps taking its forecasted yield for the next 12-months up to the 6.8% area.
However if we do see an economic slowdown or recession LAU will struggle which is a prime reason for the stocks decline through 2023, it will be a beneficiary of falling inflation without a recession, i.e. the “Goldilocks” scenario,
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