Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Considering todays pullback would like your thoughts please on MMS and SIQ as to whether it has created a buying opportunity with either one or both. Considered to be income stocks but where to from here? Buy or Hold? Thanks as always Geoff.
Hi Geoff,
We recently bought Smart Group (SIQ), a touch early in hindsight, however we think this stock is a buy ~$8 here and now. MMS is a similar sort of business, with both weighed by weaker outlooks from two listed car sellers, Eagers (APE) and Peter Warren Automotive (PWR).
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