A: A good question on JB Hi-Fi.

I am holding (I bought at around $18.25) and while I think the price action (and yesterday’s outlook) has been disappointing, it hasn’t changed my mind about the company being a well run business and that they can grow their sales.

Only one of the brokers changed their recommendation today - CIMB downgraded to ‘Hold’ from ‘Add’ – the target price has been lowered by a couple of brokers, consensus now sits at $18.99.

According to FN Arena, it is currently trading on a FY 15 multiple of 13.6, forecast dividend yield of 4.9%. I feel there is some value around this level.

Hope this helps.