- Switzer Report - https://switzersuperreport.com.au -

Hot stock tips – Crown and Westpac

After last week’s Crown debacle, which saw 18 employees held in detention in China and shares in the company sold down heavily, Michael McCarthy has pinned it to his likes list.

“The majority shareholder, James Packer, previously expressed interest in privatising the group,” says McCarthy.

“Plans announced last week to spin off a property trust are, in my view, a step in that direction, limiting downside risks.”