Harvey Norman - Attractive Valuation (Value investing category)

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HARVEY NORMAN HOLDINGS LIMITED (ASX:HVN)

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ASX:HVN HARVEY NORMAN HOLDINGS LIMITED

fundamental indicator chartanalysis harveynorman

****Not a Financial Advice******

Harvey Norman with a dividend yield of almost 8.5% and now after earning release has corrected between 11-14% in a matter of a week.

The downside is contained with side way consolidation for next few months. Two much bad news and headlines now make it as value buy. Always a good idea to look for opportunities at peak pessimism. Consumer discretionary and housing market/approval downturn pointing in that direction. Markets are forward looking. To me, this looks attractive for Long opportunity with a 1-2 year horizon. Do you own due diligence!!!

Disc: Holding it in my SMSF.

Komen:

Harvey Norman Holdings (ASX:HVN) PE Ratio : 6.20 (As of Today - 05th March, 2023)

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