Monthly Archives: September 2013

  • Wrecking Australia: Part one

    Roger Montgomery
    September 20, 2013

    Mr Andrew Robb was on the front page of the Australian Financial Review on Wednesday as the new minister for Trade and Investment.

    Now, I reckon most of us at Montgomery lean a little to the right. We certainly believe business is an important engine of our nation and a very important source of prosperity (if ‘prosperity’ is measured by how much stuff we can afford to buy). Personally, according Vote Compass, I sit squarely in the middle, which might explain why I don’t believe that economists got it right when they decided to use consumption as a proxy for ‘happiness’.

    That aside, we know that the LNP is supportive of big business. I mentioned as much on the ABC this week with Ros Childs and Ticky Fullerton. Their logic is simple; big business can employ the most people quickly and make all the economic performance measures such as employment and GDP look good. Sadly this short-term window dressing will ultimately produce an emperor with no clothes. Continue…

    by Roger Montgomery Posted in Economics, Market commentary.

  • Time for ResSleep?

    Ben MacNevin
    September 20, 2013

    Resmed is a company that manufactures machines and masks for sufferers of sleep apnea. At Montgomery, we believe that Resmed is a quality business with strong fundamentals. Despite both funds being shareholders, none of our team has trialled the products first hand. Until now. Continue…

    by Ben MacNevin Posted in Companies.

  • Wrecking Australia

    Roger Montgomery
    September 19, 2013

    In this interview with Peter Switzer on Switzer Report, Roger talks to Peter about the Australian economy. Is it up for grabs by the highest bidder? Listen to Roger’s view here.

    by Roger Montgomery Posted in TV Appearances.

  • Is $0.80+ unreasonable for BGL?

    Russell Muldoon
    September 19, 2013

    Bigair (BGL) is a small business with a market capitalization of just $126m, so the chances are you’re unlikely to be familiar with the story. But perhaps importantly, you don’t need to be a rocket scientist to quickly get a handle on the business’s underlying drivers which we think can be broken out into two core elements. Continue…

    by Russell Muldoon Posted in Companies.

  • Testing Ben Graham’s voting and weighing machines

    Roger Montgomery
    September 18, 2013

    In this article in Cuffelinks newsletter, Roger analyses Ben Graham’s ‘voting’ and ‘weighing’ machines. Read here.

    by Roger Montgomery Posted in Insightful Insights, On the Internet.

  • A market view right now

    David Buckland
    September 18, 2013

    In these highlights from Your Money Your Call, David Buckland discusses his thoughts on the iron ore sector, and stocks AGL Energy (AGK), M2 Telecommunications (MTU), Horizon Oil (HZN), G8 Education (GEM), McMillan Shakespeare (MMS), Magellan Financial Group (MFG). Watch here.

    by David Buckland Posted in TV Appearances.

  • How excited should we get about big 4 bank valuations?

    Tim Kelley
    September 18, 2013

    The big four banks have attracted a fair bit of media comment recently. On one hand we are told that some international investors can’t understand the lofty valuations attached to Australian banks and are shorting them in volume. On the other hand we are informed that these international investors do not properly understand the Australian context, and will surely get burned on their shorts. Continue…

    by Tim Kelley Posted in Companies, Financial Services.

  • Australia: open for business?

    Roger Montgomery
    September 17, 2013

    by Roger Montgomery Posted in Economics.

  • Aussie banks: overvalued?

    Roger Montgomery
    September 17, 2013

    In this interview with Ross Greenwood on Radio 2GB’s Money News show, Roger responds to international news stories that are calling Aussie banks overvalued. Are they just attention grabbing headlines, or is there more to it? Listen here.

    by Roger Montgomery Posted in Radio.

  • Australia: open for business?

    Roger Montgomery
    September 17, 2013

    In these highlights from ABC’s The Business, Roger talks to Ticky Fullerton about the latest addition to the new Abbott government, Andrew Robb. He’s keen to impress that Australia is open for business, but how much foreign investment is the right amount and does it come at a price? Find out here.

    by Roger Montgomery Posted in TV Appearances.