Macro Investor: Oroton shimmers in the shadows
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- One of the best-run retail companies in Australia, but is exposed to a disleveraging consumer.
- Growth potential in Asia may offset absence of domestic retail growth.
- Currently rated a “Hold” but may offer buying opportunity, particularly with 9% dividend yield.
OrotonGroup (ORL) owns and operates retail leather, clothing and accessories stores throughout Australia and New Zealand. It also manufactures and markets products under the brand names Morrissey, Oroton and Polo Ralph Lauren…
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