Disorderly order (13/08/2013)
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.
Greg McLennan
:
Morning Roger,
Neither of those two Fed options sound that great. I’m prepared to concede that I don’t have the first clue what is going to happen in the US, which probably makes me just like everyone else….including the Fed by the looks of it. It’ll be interesting to watch, one way or another.
On another recent topic though, I was amused to see Citi yesterday upgraded MMS from a sell to a buy. Not only did they tell people to sell when the price was $7 then buy again several dollars later but they did so after looking at the Sportsbet odds on the election outcome. That’s why people pay them the big bucks! They could have looked at those Sportsbet odds two weeks ago and arrived at a similar conclusion (they weren’t that different) and saved their clients the pain. Or of course they could have worked it out for themselves like some of the rest of us did.
Sure, just because Citi now agrees with us that the odds favour a reasonable outcome for MMS, that doesn’t mean it will happen. But to this point in time, we should be grateful to them for their – and others’ – generosity in selling their shares to us so low in the first place.
Roger Montgomery
:
Or they could have read the blog here on the day the stock came out of suspension at around $7.00: http://rogermontgomery.com/fbt-fairly-badly-trampled/
(Note The Montgomery Funds own MMS – for reasons why we decided to purchase shares at circa $7.00 read the above link).
xiao fang xu
:
Hi all.
I still think it is going to be Japan mark 2 — 3 lost decade now and “The country’s outstanding public debt including borrowings reached a record 1,008.6 trillion yen ($10.46 trillion) as of June 30”
or WW3 that is what save them from last depression ( WW2 ).
Brian Keating
:
Hi Roger
Your 3 min video on 13/8/13 is unavailable
Is there a problem?
Roger Montgomery
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Should be working Brian. Can you get it running now?