Super Stock Selectors – Telstra, TEN and energy

Editorial director of Switzer
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Given our rough day on the market, let’s start off with our dislikes. Morgans managing partner, Raymond Chan doesn’t like Myer. He’s got something in common with Roger Montgomery there, who last week posed the question of whether the company’s equity raising was just throwing good money after bad.

“The market position of Myer, the inflexibility of the department store format, and the increasing competition for the high-end consumer suggests that the end result is more likely to be weaker than management’s target,” Montgomery said.

Also on the dislikes, Michael McCarthy doesn't like Blackmores. He says it’s not about the company, but about the share price and the “eye-watering highs” it’s been hitting lately.

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