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BGP ...another well run dividend income company keeps making new 52 week lows ...also on p/e of 10 ...but market not impressed as yet ...Maybe HLG has more traction because of different profile and different geography customers ??
If recession or fear of recession can hit BGP hard why HLG will be spared is a question which I cant answer myself ...
Maybe Super Guru W69 can help here as he seems pretty confident of HLG doing well ahead !!!
I recall Tim Glasson commenting years ago that HLG operates in the value-for-money up-to-date fashion space - not high end and expensive like many of its fashion competitors.
That will be one reason why its business is a lot more resilient than say, David Jones for example.
I don't worry about one quarter or one year earnings. We can't get any idea from one year earnings. I am comfartable with at least 5 years of earnings. Do you think, they will have reasonable market share over the coming 5 years. Going forward strong competitors will knock out weak competitors. Thanks.