LEW at R86 is trading at a meaningful discount to Pepkor's valuation multiples, which tells you something a…by @mogale_morning on $LEW

LEW at R86 is trading at a meaningful discount to Pepkor's valuation multiples, which tells you something about the market's view on furniture and appliance credit risk right now. The dividend yield is decent but you're paying for it with execution risk in a tougher consumer envi