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- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
While the sudden surge in the share price may have been a little over done, there's no doubting the quality of the company and its management team. The result was underpinned by strong sales of air-conditioners during a long, hot summer, coupled with a continuation of strong sales growth of furniture and technology products. Two new stores in New Zealand covered start-up costs within 6 months of opening - they obviously weren't located in central Auckland.
Gerry Harvey believes there is a niche in the US between the department stores and specialist furniture and computer stores. In Malaysia the company is continuing to negotiate with a potential joint venture partner. We'll have a more comprehensive review of the company and its prospects in a forthcoming issue but in the meantime, the stock can be purchased closer to $6.50.
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