Which retail stocks are in bargain territory
Independent Financial Research
Which retail stocks are in bargain territory? If you are looking for a speculative idea, check out Pacific Brands and Noni B. Pacific Brands owns many iconic Australian brands, such as Bonds, but sales have been trending down for years. The share price is also down around 40 per cent in the past year. If a new CEO can stabilise the business and sell some underperforming brands for a half decent price, the stock may offer value. Noni B is in a state of flux as the majority family owner fishes for a buyer. With the share price getting chopped in half recently, it could make an interesting speculation, but we recommend small portfolio limits and/or taking a portfolio approach so that one retail failure does not damage your portfolio. (VIEW LINK)
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