Hi Peter,
Your opinion on J B Hi FI and crown – I hold both. Also at what price would you buy more bank stocks? I own them all and have profit in all of them.
A: Thanks for the question and apologies for the delay in the reply.
I like both JB Hi- Fi and Crown (as covered in recent editions of the Switzer Super Report.)
JB Hi-Fi reaffirmed its profit guidance last Friday, and outlined a measured growth strategy. While there are a few short sellers playing around in the stock who will continue to exert some downward pressure, as the economy continues to recover, they will eventually be squeezed out.
Charlie Aitken outlined a pretty compelling case for Crown, which I support.
Regards,
Peter.
