What does MM think of Harvey Normans (HVN) has significant property assets?
Hi James, MM had a look at retail stocks recently. I am not sticking up for Harvey Norman shares but I think that subscribers should be made aware of the fact that apart from their attractive dividend, HVN is backed by Tangible assets (property) of some $ 3.5 B. This equates to around $ 2.83 per share. I think that fact is worth considering if we do head into a recession. Nothing worse that your share either going bust or close to it! ( I know this from past experience) George