Harvey Norman (HVN) - When Harvey meets Hockey - Quant Sell ($2.75)
Harvey Norman (HVN) - When Harvey meets Hockey - Quant Sell ($2.75). We rate Harvey Norman as Quant Sell with Quant Target Price (QTP) of $2.75. HVN is currently trading at post GFC high multiples due to housing recovery. Recent recovery has already priced in growth improvement that has not been sustainable over the past decade. Given the performance of big retailers, new entrants and online, we do not see the HVN offering standing up to the challenge with falling currency, budget cuts and rising unemployment. (VIEW LINK)
4 topics
Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...
Expertise
most popular
Equities
Signs of the bottom
Ally Selby,
Livewire Markets
Equities
The quirky trend to add to your recession ready portfolio
Sara Allen,
Livewire Markets
Equities
Rudi: The ASX ‘looks’ like a bargain hunter’s paradise
James Marlay,
Livewire Markets