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Article: On the defensive: Maple-Brown Abbott.
- Article from:
- Australasian Business Intelligence
- Article date:
- February 13, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. 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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Feb 12, 2003 (Insto - ABIX via COMTEX)
Stock market bargains are disappearing, according to Maple-Brown Abbott's CEO, John Kightley. He said that the company did well in recent years in a value management role, selecting cheap stocks and avoiding the very expensive ones during the "bubble" period in the late 1990s. Kightley says good buying opportunities still exist, but there are fewer bargains, as the gap between the expensive and the inexpensive stocks has narrowed. From a takeover point of view, the stocks to watch in 2003 are WMC Resources and Alumina. Their demerger puts them more in ...