Aug 24th 2012 - Edison Investment Research today published a report on Lookers (LOOK.L, LSE:LOOK, LON:LOOK) entitled "Motoring Ahead". In summary, the report says:
Despite the challenging trading climate, Lookers continues to grow its profits, with another record set to be delivered in the current year. With new vehicle registrations running at some 20% below the peak levels seen in 2003, this reflects highly on the quality of management and the underlying business model. In a fragmented market, there are always opportunities, which an enlightened team can tackle to the benefit of shareholders. The rating recognises neither the record nor the potential.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
