Hot stock – Harvey Norman (HVN)

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Michael McCarthy likes Harvey Norman (HVN). He says this long established and successful retailer has just lifted off 4 year share price lows. “If it simply maintains current dividend levels, it will pay better than 11% (including franking) The consumer sector may be due a rally, and given HVN is trading on around 11.5x forward earnings could be described as a value proposition,” he states.

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