Title: Carter Holt Harvey
Any comments/help would be greatly appreciated:
Carter Holt Harvey would appear to be good buying, reletively safe being a blue chip etc. It is near a low point in its trading gragh and would possibly benifit from a general lift in the NZ market. But it has a very high P/E. How much attention should be paid to this ?
Hellensteins would seem even better. again at the bottom of a trading graph,
good P/E good dividend and slightly increased revenue on last year also. Good and affordable range of products ( depending on your taste of course ) selling to a sector of the market which is promising under the present circumstances and next year or two. Well presented and increasingly busy stores. Unfortunatly though there profits don't cover the dividend payout. Why would a company pay out an unaffordable dividend and again how much attention should be paid to this ???
Are either of the two above fundamentily good buys, ( I realise this is a matter of opinion ) or am I barking up the wrong tree ?
See IRG research reports
