Extreme Investing Part 2 – 2012 Reporting Season 4/9/2012
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Roger Montgomery
:
Hi Folks,
If you were experiencing problems viewing this video insight using Internet Explorer, the problem should now be resolved.
Sorry for the inconvenience.
The Web-Support Team.
ashley.little.581
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I think you still have problems. Worked for awhile in Internet explorer then failed.
Works a treat in google chrome.
Cheers
joe chadwick
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video won’t play
Stuart Kewish
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try the link below
http://www.youtube.com/watch?v=ZnOFmeQAXg4
Jason
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The earlier three videos played for me (via internet explorer) but this one does not. To view it I opened the web address and viewed the video using Mozilla Firefox. Hope this helps people.
ashley.little.581
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Me too,
This does not play
Greg McLennan
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I seem to be having trouble getting this one to play, either at home or at work. Not sure what that is all about as the previous ones have been working ok.
Tony C
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Hi
I cannot get it to play. I would be interested in your thoughts
Andrew Legget
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Another very interesting video Roger. Interesting to hear about the size of the range of EPS forecasts for the iron ore guys but not surprising. It would be interesting to hear what the consensus price for iron ore would be and the range that allowed this to happen.
As for Flight Centre, i am a big fan and wish i had the money to have bought them. In the short term the inevitable decline in the aussie dollar will be a problem but aussies are still going to travel overseas and as you mention they have offices over seas as well. I have had first hand experience with flight centre and first hand experience in trying to use a competitor and it is easy to see who has the advantage in this market.
The competitors simply said they can’t help as the hotels we were asking for were not in their systems or simply told us to go to somewhere else first and let them know what the price is so they can see if they can beat it (basically outsourcing the work to flight centre).
I am a big fan of the travel industry as well, low costs unlike their airline friends, high cash business. Not surprised by the cashflow stats you mention. Over the long term i expect this company to be quite a good one, the biggest risk i can see is that the online retailing world catches up to flight centre as it is very easy for people to simply book things themselves these days and if their are any chinks in flight centres price leadership than the benefits of going to an agent might dissapear.