Harvey Norman - Attractive Valuation (Value investing category)
Updated
****Not a Financial Advice******
Harvey Norman with a dividend yield of almost 8.5% and now after earning release has corrected between 11-14% in a matter of a week.
The downside is contained with side way consolidation for next few months. Two much bad news and headlines now make it as value buy. Always a good idea to look for opportunities at peak pessimism. Consumer discretionary and housing market/approval downturn pointing in that direction. Markets are forward looking. To me, this looks attractive for Long opportunity with a 1-2 year horizon. Do you own due diligence!!!
Disc: Holding it in my SMSF.
Note
Harvey Norman Holdings (ASX:HVN) PE Ratio : 6.20 (As of Today - 05th March, 2023)
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