Eclipx not well understood by the market

Chris Stott, the CIO at Wilson Asset Management, in an interview with Morgans, says that Eclipx “are a strong, really well managed business by Doc Klotz and Garry McLennan, who are the two senior managers that were key to the growth at Flexigroup over the last 5 years. The stock’s only on a PE of 14, growing at 15-20%. There’s scope for earnings upgrades in our opinion and potential for M&A in the medium to longer term consolidation of the industry. The stock’s not really well understood by the market yet in our opinion. It’s one we quite like at the moment.” (Source: Interview with Morgans)