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Article: LR Index leisure stockwatch August 2008.(Sharewatch)
- Article from:
- Leisure Report
- Article date:
- September 1, 2008
CopyrightCOPYRIGHT 2008 William Reed Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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From last month's 'Stop all the clocks' stock market misery, what a welcome relief to instead cry 'stop the press!'--but it's true, August has seen an overall improvement in the monthly average, several stocks making significant gains, and some welcome relief for beleaguered investors and chief executives alike.
While it's important to point out that bouncebacks are only to be expected from the recent low points, it's notable that there is good news beind many of the more impressive performances, suggesting that this mini-rally is more than a few canny institutional investors adding to their portfolios when leisure shares are at their nadir. That a low point may ...