BP’s view is that because HLG has shown cyclical behaviour in the past it will continue to so into the future ...and he has said a few times it’s at or near the top of the cycle currently (code for the share price may go down soon)
Couta’s view is that strong future growth in Australia (and maybe their ability to successfully adapt to changing retail trends) will mitigate any short to medium term ‘cyclical’ pressures (code for the share price will hold up if not improve in the medium term)
When growth stops in Australia BP might be right ...HLG might become cyclical again
”When investors are euphoric, they are incapable of recognising euphoria itself “
BP’s view is that because HLG has shown cyclical behaviour in the past it will continue to so into the future ...and he has said a few times it’s at or near the top of the cycle currently (code for the share price may go down soon)
Couta’s view is that strong future growth in Australia (and maybe their ability to successfully adapt to changing retail trends) will mitigate any short to medium term ‘cyclical’ pressures (code for the share price will hold up if not improve in the medium term)
When growth stops in Australia BP might be right ...HLG might become cyclical again
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