Chanticleer
This market darling just did another U-turn. Investors love it more
A $1.5 billion deal shows why Aristocrat Leisure has lifted the ASX 200 more than just about any other company this year.
It is not often you see a strategic review from a market darling growing earnings at 10 per cent a year and whose shares are trading at all-time highs.
It is also not often you see a management willing to cut loose something they bought only a few years ago, happy to pick the eyes out of it and sell what’s left for a gain after a U-turn in strategy.
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