Markets tend to overreact on both the upside and the downside. Two years ago, Sirtex was trading at $40 per share and expectations were running high. Following several disappointing announcements, it’s now trading around $15. In this video, Matthew Booker from Spheria explains why they think it offers great value.
Key reasons to like Sirtex:
- Penetration rates are low and should rise over time
- The company generates $50 million in free cashflow per annum
- A strong balance sheet with net cash
- An attractive price
For further information on Spheria Emerging Companies Limited (ASX:SEC), please click here