Ardent Leisure (AAD) released its 1Q14 update with the entertainment and health club divisions maintaining strong growth trends

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Ardent Leisure (AAD) released its 1Q14 update with the entertainment and health club divisions maintaining strong growth trends. Revenue growth at the theme parks division on the Gold Coast was flat, however, the result was offset by improved margins. RBS Morgans see Ardent continuing to deliver solid earnings growth over the next three years with. The broker said in a note via their website that Ardent Leisure offers a rare combination of solid earnings growth, an attractive yield (7%) and leverage to an improving domestic tourism environment. AAD remains a high conviction stock pick. Full details on the Morgans Blog (VIEW LINK)

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