I have just purchased some AHE stock, and was just wondering if anyone else here was a share holder.
Although this company has been doing really well it's stock has been hit hard on fears that recession will have an adverse affect on sales.
I am taking a punt that the downturn will not affect Australia as much as some people believe there fore making this stock on a P/E of 9.98 and a dividend yeild of 5.8% a bargain
As long as Australias economy keeps going strong this companies growth should be great.
Here is an extract from a recent letter to share holders,
"....AHG has continued to perform strongly despite consumer pressures such as higher interest rates and
higher fuel prices. Virtually full employment has had a powerful effect on consumer spending and has
greatly reduced the impact of these pressures on AHG’s business. Demand remains strong, especially
in the powerhouse markets of Queensland and Western Australia. Trading conditions for the first two
months of the calendar year have been strong and indications are that these strong trading conditions
should continue in the second half of FY2008..."