Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team What is your current view on Capitol Health - Is there any news, catalyst which will see the share price move upwards? Should we be using these funds elsewhere? Super Retail has been moving upward since late March. Being consumer discretionary would you continue to hold for further upside or sell into this strength? regards Debra
Hi Debra,
I know Capitol Health (CAJ) has been a frustrating position, however, we do think there is a lot more value in their business than is being ascribed by the market, something more like 45-50c. For that reason, we are remaining patient – pardon the pun!
Super Retail (SUL) is an example of a company executing against a challenging backdrop for retail, trading near 10-year highs as we approach a seemingly inevitable recession! We don’t own SUL, however if we did we would back the current momentum and only sell if the stock broke back through $13.00.
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