Business
Capital returns galore from cashed-up ASX retail stocks
Just as you thought outperforming ASX retail stocks are running out of puff, the group could find a second wind through capital returns.
Many consumer discretionary stocks have outperformed the S&P/ASX 200 Index (Index:^AXJO) since the COVID-19 crash.
The fear is that all the good news is already reflected in their share prices. But I don’t think investors are expecting cash handouts or share buybacks.
Cash splash from cashed-up ASX retailers
The chances of some ASX retail stocks undertaking such programs is growing, according to Credit Suisse.
“Whilst the market debates the longevity of above-trend earnings for domestic retail, cash is in the bank as a result of strong trading in 2020 and gearing is almost non-existent for a…
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