My “HOT” stock

Print This Post A A A


Michael likes Inghams (ING), Australia’s largest chicken producer. “Inghams (ING) is suffering from a drought-induced rise in feed costs,” he says.

“Many analysts have turned against ING, but the share price fall from near $5 to closer to $3 in my view fully factors this costs squeeze, and at current levels, long-term investors may consider ING a reasonable value proposition,” he adds.

Source: Google


On the other hand, Michael doesn’t like the online advertising and data services group (CAR).

“ (CAR) has is trading within 6% of its all-time highs,” he says.

“Despite a decline in profit this year, analyst are still projecting future growth at rates well above average.

“If consumers remain conservative, there is a real risk to the growth estimates.

“At 27x next year’s earnings, in my view the risk for CAR shares is on the downside,” he adds.

Source: Google

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.

Also from this edition