My Hot Stock – Ardent Leisure (ALG)

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CMC Markets’ Chief Market Strategist, Michael McCarthy likes Ardent Leisure (ALG). “The group is moving on from the Dreamworld disaster. A strong performance by its US arm Main Event and a positive trend in its local Theme Parks business was masked in last week’s half year result by a number of one off factors. including costs flowing from the tragedy and the divestment of its Bowling and Entertainment business. Trading near 7 year lows, it may fit a value investment profile” he says.

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