Business
Why Sydney Airport looks cheap to David Moberley – The Australian Financial Review
The Paradice Investment Management portfolio manager says to find bargains at the moment investors have to look into the sectors that have been hit by the pandemic….
He will be pitching what he hopes is another big winner at next month’s Sohn Hearts & Minds conference.
Moberley has yet to decide which stock he’s going to present, but he shared a newly initiated position.
To find bargains at the moment, investors have to look into the sectors that have been hit by the pandemic. And while most travel-related companies have recovered their valuations, Sydney Airport is still trading at a 40 per cent discount to its intrinsic value.
Often these are hollow victories….
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