HVN harvey norman holdings limited
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Ann: Half Yearly Report and Accounts, page-43

  1. MarsC
    1,992 Posts.
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    02/03/18
    11:32
    Post #: 31476364
    Ok lets stop beating around the bush. HVN currently has higher margins and higher returns on its capital (much higher) than what can be expected on average over time, based on an examination of track record. And that's quite apart from the question of whether or not the competitive position has changed (Amazon, enlarged JBH etc).

    But feel free to assume that will continue indefinitely.
    HVN Price at posting: $3.90 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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