In light of the market downturn, Roger Montgomery is finding bargains in extraordinary companies that are trading at discounts to their intrinsic values. In this interview with Ross Greenwood, Roger shares his thoughts on Macquarie Bank (MQG) and Zicom (ASX:ZGL). Roger also reveals which A1 and A2 MQR (Montgomery quality rating) companies are trading at discounts to their intrinsic values. Listen to the podcast.

by Roger Montgomery Posted in Media Room, Radio.

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It’s a common question. Stockbroker recommendations often travel from ‘Buy’ to ‘Hold’ then back to ‘Buy’, and then all of a sudden ‘Ceasing Coverage’ appears. Rarely is a ‘Sell’ mentioned, let alone maintained for any length of time.

So the question remains… should you sell after the stock market has fallen 511 points? Or when the share price of an extraordinary A1 business falls by as much as 26 per cent?

“Of course not, Roger!”, I hear Value.able Graduates shouting from the rooftops across the country.

In Chapter 13 of Value.able I describe my five rules for when to sell. In this video, I will elaborate on Rule # 1: No junk policy.

I will assume 1. You are a Value.able Graduate, 2. You have changed some part of the way you think about the stock market. I will also assume you can confidently pick an A1 company from a basket of so-called ‘blue chips’.

Your mission:  Go through your portfolio. Turn the stock market off and look at the businesses you own. Are you blessed with A1s? Or is your portfolio full of ‘blue chips’ that fail to make the A1 grade?

If you are yet to join the Graduate Class, click here to order your copy of Value.able immediately. Once you have 1. read Value.able and 2. changed some part of the way you think about the stock market, my team and I will be delighted to officially welcome you as a Graduate of the Class of 2011 (and invite you to become a founding member of our soon-to-be-released next-generation A1 service).

Value.able TV #3 was recorded at Montgomery HQ on 5 August 2011.

Posted by Roger Montgomery and his A1 team, fund managers and creators of the next-generation A1 service for stock market investors, 9 August 2011.

by Roger Montgomery Posted in TV Appearances.

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The US stockmarket had its biggest one day selloff since the GFC last night.

Back on 1 December 2008 the Dow Jones plunged 679.95 points. Last night the US market dropped 511 points – that’s a 4.31% decline. All 2011 gains were wiped out.

The Dow Jones Index is now down 10 per cent since May. The US is officially in recession territory.

Humans instinctively have an aversion to a debt crisis, but not a solution. And how do investors (not Value.able Graduates) react in such an environment? With fear. And it is that fear that drove our market down 4 per cent today.

But has anything significantly changed that would result in the intrinsic value of Decmil falling 12 per cent since yesterday? I will let you judge and respond accordingly.

Value.able Graduates, stick to our mantra: put together a portfolio of extraordinary A1 businesses that you believe will be much more valuable in five, ten or twenty years time.

If you are yet to join the Graduate Class, click here to order your copy of Value.able immediately. Once you have 1. read Value.able and 2. changed some part of the way you think about the stock market, my team and I will be delighted to officially welcome you as a Graduate of the Class of 2011 (and invite you to become a founding member of our soon-to-be-released next-generation A1 service).

Posted by Roger Montgomery and his A1 team, fund managers and creators of the next-generation A1 service for stock market investors, 5 August 2011.

by Roger Montgomery Posted in Global markets.

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Industrial stocks are finding life much tougher than miners as the high dollar and subdued consumer demand take their toll on earnings. Roger Montgomery of Montgomery Investment Management told ABC reporter Andrew Robertson what impact he thinks this will have on retail brands including Oroton and JB Hi-Fi. Read the article.

by Roger Montgomery Posted in In the Press, Media Room.

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If you had $100,000 to invest in the stock market, betting the farm on one hot tip could turn your $100,000 to $5 million, but its more likely to wipe you out. An option is to slowly, carefully build a portfolio that, over time is almost certain to beat the market. First recognise the best companies. We call these A1 businesses. If you invest in extraordinary businesses at prices less than they’re worth, you are on your way. Roger Montgomery shares his investing philosophy. Read Roger’s article.

by Roger Montgomery Posted in Media Room, On the Internet.

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You have never made a profit in the stock market until you have sold. Despite this, many investors focus solely on what shares to buy and what price should be paid. But what about when to sell? Roger Montgomery says that you will eventually lose money, irrespective of the price you paid, if you continue to hold shares in poor performing businesses. At his recent ASX Investor Hour in Melbourne, Roger explained four of his five reasons for selling shares – even those businesses that achieve his top A1 Quality Rating. Listen to the podcast.

by Roger Montgomery Posted in Radio.

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I never dreamed a simple little question about the title of a video series would have sparked almost 300 comments. Thank you!

Your suggestions have been entertaining, insightful, and in some cases, ingenious. It has been wonderful to meet so many new Value.able Graduates, and also those of you who have observed from afar (for far too long!).

Here are some of our favourites…

Montyvision, Mike
Video.able, Ben
Montcommentary, Emily
The Value.able Low.Down, Sean
Cooking with Roger, Chris L
Value.Cast, Tim P
Report.Able (Peter
Roger Direct (Matthew R
Roger’s Montgom-o-logue, Robert F
Value.Blast, Rob
Rogernomics, Tony
RMTV, Tim
Value.Bytes, SapporoSteve
Roger’s 2 Cents, Anthony
Value.View, Craig
Value.vision, Jonesy
Value.able report, Orlando
Report.Able, Rod
Value.judgment, Mike
Invaluable insights, Lloyd
InCompany, MarkH
Vis.able, Grover
The Value.able View, Ken F
Talking Cents, Bruno
Video.ables, Nolan
Crunch Time, Brian A
Value.able Vision, Chris L
The Value.able Report, Ian
View from the Mont, Stuart
Value.Log, David
The Montgomery ReTort, Kim
Cents.Ability, Stephen

So without any further ado, the winner is… Value.able TV.

Mark came very close with Value.TV, however it was the final suggestion from Greg (and reassurance from Brad 17) that we have selected as the winner. Greg – I’ll personally sign you First Edition copy of Value.able when I return from Melbourne tomorrow afternoon.

Tune in later this week (maybe early next week) for Episode 2.

If you are yet to join the Graduate Class, click here to order your copy of Value.able immediately. Once you have 1. read Value.able and 2. changed some part of the way you think about the stock market, my team and I will be delighted to officially welcome you as a Graduate of the Class of 2011 (and invite you to become a founding member of our soon-to-be-released next-generation A1 service).

Posted by Roger Montgomery and his A1 team, fund managers and creators of the next-generation A1 service for stock market investors, 29 July 2011.

by Roger Montgomery Posted in Montgomery News and Updates.

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In case you’ve missed it, Australia’s leading retailers have been putting up a brave fight against the evil spectres of online shopping and a record high savings rate. Forecasts have been slashed and investors have deserted the sector in droves. But weak retail conditions won’t last forever, making some stocks look like big buys. Read Roger’s article at www.eurkeareport.com.au.

by Roger Montgomery Posted in Media Room, On the Internet.

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Last week, the US stockmarket had its biggest one day selloff since the global financial crisis. Roger Montgomery reveals to Ross Greenwood why this is the time that he looks for extraordinary businesses trading at discounts to their intrinsic value. Listen to the interview.

by Roger Montgomery Posted in Media Room, Radio.

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We did something new today. Rather than write a second blog post, I thought I’d record one.

We haven’t settled on a title for these next-generation posts just yet. What’s your suggestion? The most creative will receive a personally dedicated First Edition copy of Value.able, so put your thinking caps on. Click on the comments button to leave your suggestion. Comments are now closed. Roger’s decision is pending.

Back to the video… Looking at the numbers, Wesfarmers and Woolworths both appear to be doing a good job. But what will these businesses look like in 5, 10 or 20 years time?

With the sales growth gap between our big two supermarkets closing, what does the future hold? And come September, how will the board of WES counter-attack WOW’s entrance to the hardware-warehouse market?

Whilst the stock market is focused on reporting season and Coles’ apparent eroding of Woolworth’s market share, I’ll continue to focus on quality and value. If investing was all about market share, we’d all rush out and buy Qantas. But that wouldn’t be a sensible, or indeed Value.able, decision, would it?

Can’t watch the video on your iPhone or iPad? Visit youtube.com/rogerjmontgomery.

If you are yet to join the Graduate Class, click here to order your copy of Value.able immediately. Once you have 1. read Value.able and 2. changed some part of the way you think about the stock market, my team and I will be delighted to officially welcome you as a Graduate of the Class of 2011 (and invite you to become a founding member of our soon-to-be-released next-generation A1 service).

Posted by Roger Montgomery and his A1 team, fund managers and creators of the next-generation A1 service for stock market investors, 29 July 2011.

by Roger Montgomery Posted in Talks.

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