Stocks Down Under 2 June 2020: Premier Investments, Emeco Holdings, Probiotec
Whenever the media talks about Premier Investments, the Melbourne-based owner of a number of successful retail brands, they tend to say ‘Billionaire Solomon Lew’s Premier Investments, reflecting the fact that the Premier Investments Chairman owns 42% of the stock. There’s a reason the 75-year-old Solomon Lew is a billionaire – he has a sixth sense of what can work in retail. We think that sixth sense will stand Premier Investments in good stead as it trades out of the current Coronavirus Crisis.
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