Slater & Gordon joins the 10% club

Nicholas Forsyth

Market Matters

Over the last 5 trading days, 4 stocks in the ASX200 have dropped over 10% - Seek (SEK) -13.3%, Flight Centre (FLT) -21.8%, Slater & Gordon (SGH) -*17.9% and IOOF Holdings (IFL) -13.2%. Not surprisingly, almost 100% of questions the team at Market Matters have received this week have been directed at whether we purchase any of these ‘bashed up’ stocks – everyone likes a bargain. Interestingly, none of these stocks are in the sectors that have been hammered over the last 12 months – Supermarkets, Iron Ore and Energy. All four stocks have delivered news that was received clearly very negatively by the market, the big question is, are they providing opportunities? We recently purchased Ansell (ANN) after it fell ~10% over the month on concerns on FX impacts on profitability, this stock had been on our shopping list for a while. Alternatively SEK was also on our radar, but the news made us take a step back, as we evaluated the risks to the share price as future growth gets questioned.(VIEW LINK)

5 stocks mentioned

Nicholas Forsyth
Nicholas Forsyth
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...


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