In the final edition of the Morning Mail this week, Philip Anglin discusses Seek Ltd with Evans & Partners’ Research Analyst Peter Stamoulis.
Peter has upgraded his recommendation from neutral to positive following his assessment of the underlying value in the business. Peter discusses the impact changing unemployment rates have on the domestic employment business and also the implied valuations of the group’s International Job Board investments.
Peter recommends investors look at building a core portfolio position over the next six months in Seek Ltd, as continued volatility will present attractive entry points for investors.
A comprehensive research report on Seek Ltd is available from your adviser or via the Evans & Partners website.
