The Great Sharemarket Return: SMS’s IT challenge

SMS Management and Technology is trading below its intrinsic value. Its challenge is to restore value in a climate where other companies are spending less on IT.

In a market that has run rampant for the best part of a year, seeking value can be akin to finding sewing equipment in a barn full of hay.

That’s why value seekers now are scouring the ranks of cyclical stocks; companies likely to benefit from any rebound in business confidence and the broader economy.


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