G’day All Value Contrarian Investors :-)
Maybe a bit late in asking … as I have now bought some already :-))
But as I am always learning … and I may have missed something … can anyone spot any reason why Australian stock Southern Cross Media (ASX:SXL) is possibly NOT a good long term (1 year+) contrarian value buy?
It’s valuation numbers etc all look good for a good quality value stock?
It’s QV Rank is 95 on Stockopedia.
It’s dividend yield looks to be around 9%
Hell, it’s even got a reasonable PEG ratio :-))
Morningstar and Simply Wall St both think it is way over sold? - see screenshots below.
Thanks in advance:-))
