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Does MM believe Aristocrat (ALL) a buy here?

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Does MM believe Aristocrat (ALL) a buy here?

Hi James, Aristocrat Leisure has been punished of late. I know they have issues with Ukraine exposure etc that is hampering stock performance at present. If you didn't already have a position, would you buy here or best avoid? Many thanks Alex


Hi Alex,

We do like ALL around $33 but the markets taking its time to agree with us! The gaming stocks corrected 36% from its November high, exactly the same degree as the ASX200 Tech Sector hence its arguably a quasi-play towards the domestic growth stocks.

We have been looking for ALL to recover as an the world moves on from COVID and believe it does represent great value today but we are unlikely to increase our 5% holding.

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Aristocrat Leisure (ALL)
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