My “HOT” stock – I like Computershare (CPU)

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Michael likes Computershare (CPU), though he points out that a number of brokers have downgraded CPU’s outlook on the margin impact of lower interest rates and the potential for the new CFO to “clear the decks”.  “In my view, these analysts  are jumping at shadows and ignoring the potentially positive impact of rising equity markets,” he says.

“While not a huge long-term fan, I am happy to get contrarian around $15 per share, which represents a below market P/E ratio between 14x and 15x. Full year result is due 14/8/19,” he adds.

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