Quote Originally Posted by percy View Post
"Well positioned".
Refurbished hotel,another hotel [leased] added to their portfolio.
Tourism numbers are growing.The "season" is now longer.A bit like a retailer,the extra revenue should go straight to the bottom line.
Half year in February should be interesting.
Next year Lions Tour and Masters games.
Maybe,just maybe, their eps growth will be twice their PE.?Now that will be fun.!!..lol.

ps.HBL remains my largest holding.
Yup, Percy picks are always well researched and therefore interesting. What's more interesting to me, is that people's picks reflect what they predict for the year. For example, some people have picked exporters and therefore obviously think that the NZD will be low vs other currency.

So Percy, can we deduct that you think that the property market will stay hot with the pick of MCK, or you think it won't be a big factor?