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NEWS

7:17 AM, 19 Jun 2008

Beware value trap in cheap stocks

Abstracted from The Australian Financial Review


The Australian sharemarket has fallen quite steeply in 2008. Analysts note that it is no good just buying a stock because it is now cheap - the main thing is to buy stocks that will rise in value, and have intrinsic value. Analysts at JPMorgan have done their homework on stocks in the S&P/ASX 100. They have come up with stocks that could be classed as "value without the trap" that investors may like to look at. These include Amcor, Cochlear, the Commonwealth Bank, Downer EDI, Harvey Norman, WorleyParsons and Woolworths. JPMorgan ran a number of tests before selecting these stocks as good value for money

Distributed by News Bites. © Lexis-Nexis


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