3 fallen angels

Financial journalist and commentator on 3AW and Sky Business
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Everywhere on the stock market, one can find stocks that have fallen from their peak valuations. It’s always the dilemma for investors: does this represent a bargain, or has it happened for a very good reason? Here is another group of stocks where a good case can be made for the former.

WiseTech Global (WTC, $9.53)

Market capitalisation: $2.8 billion
FY19 forecast yield: 0.4%, unfranked
Analysts’ consensus target price: $11.39

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