Ooops! Eagers (ASX: APE) had an accident
You stated today in Match Out that this huge hit was an overreaction but do you still consider it a buy? Or is it more a hold and see what happens. I bought a 2% allocation with MMs trade alert and I'm considering buying another 2% to top up to your suggested allocation. Thoughts? Tim As a holder of Eagers (APE), I was surprised by the market reaction to its recent results announcement. I see their Canadian acquisition seems to be going well and will contribute a full years earnings this year. So, is APE worth topping up given current headwinds (high interest rates and cost of living pressures) should reduce over time? Also, what dividend do you expect them to pay in the second half as they have been paying higher dividends in that half over the last few years. Thanks, Peter
