Is Dulux a Buy Hold or Sell

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Is Dulux a Buy Hold or Sell? We ask Steve Johnson from Intelligent Investor and John Campbell from Avoca Investment Management. John We are big holders of Dulux, it's very exposed for the renovations market which is fairly stable, it's got an absolutely dominant position in coatings in Australia, architectural coatings and very little threat of import competition, so we see it as a very high quality all be it on the expensive end, we acknowledge that, but we think the next five years EPS growth, easily justifies the current market rating. Buy. Steve Nothing much to add to that. I am a little bit nervous about the domestic economy and that could have an impact on this business, but this is a fantastic business and it's priced to be fantastic so I would say Hold.

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