articles by Tim Kelley
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Is Qantas a buy at the current price?
Tim Kelley
May 12, 2020
Among the more obvious victims of the COVID-19 pandemic have been the world’s airlines. In Australia, Virgin Airlines in April became one of the first large businesses to enter administration, and Qantas (ASX:QAN) has scaled back its operations to a tiny fraction of normal capacity and loses money every week while this continues. Continue…
by Tim Kelley Posted in Companies.
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Some positive signs emerging
Tim Kelley
May 4, 2020
We have previously written at length about our assessment of the evolving COVID-19 crisis, and the way investors might think about navigating the challenging market conditions that came with it. While conscious of the fact that there are only so many articles on the topic that readers need to see, today we add further hay to the stack, but this time with a more optimistic slant. Some of the developments that have caught our eye recently are unambiguously positive and may prove to be important in shaping the market environment over the next 12 months. Continue…
by Tim Kelley Posted in Market commentary.
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What is the recent market strength telling us?
Tim Kelley
April 7, 2020
If the recent market rally has taken you by surprise, you’re not alone. Since hitting a low around 23 March, the S&P/ASX200 Index has rebounded almost 20 per cent, despite a steady flow of grim health and economic news coming out of Europe and the US. So does that mean the market has bottomed? Continue…
by Tim Kelley Posted in Market commentary.
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How should you think about cash?
Tim Kelley
March 23, 2020
One of the biggest questions facing equity investors today is when and how to deploy surplus cash that they may have available. This is a question we have studied extensively in recent weeks, and while we can offer no definitive answers, some tentative conclusions may help to inform this decision. With that in mind, we set out here a summary of key points coming out of our analysis of the COVID-19 pandemic to date, and some thoughts on what might lie ahead. Continue…
by Tim Kelley Posted in Editor's Pick, Market commentary.
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Will Australia come to rue a lack of hospital beds?
Tim Kelley
March 12, 2020
How will we fare if the Coronavirus really takes off in Australia? Possibly not so well if the extent of available hospital beds is the benchmark. Continue…
by Tim Kelley Posted in Health Care.
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Are you overweight in growth stocks?
Tim Kelley
February 26, 2020
In an uncertain world, should investors have a strategy that looks beyond current trends and accommodates a range of different possible futures? In recent years growth stocks have had a winning streak, is now a good time to consider shifting the balance of your holdings towards companies that can demonstrate the ability to generate profits today. Continue…
by Tim Kelley Posted in Investing Education.
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Value versus growth stocks
Tim Kelley
February 19, 2020
In this week’s video insight Tim takes a closer look at value stocks and growth stocks. On the whole, over long periods of time, it looks as though a value investor has enjoyed a significantly better investment experience than a growth investor. Long-term averages are not the whole story, however. Over short periods of time, value can underperform growth significantly.
by Tim Kelley Posted in Editor's Pick, Investing Education, Video Insights.
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Are quality businesses set to shine again?
Tim Kelley
February 13, 2020
Some years ago, we put together a notional “High-minus-low quality” portfolio, which holds long positions in ASX-listed companies that we consider to be high-quality, and short positions in companies that we consider to be lower-quality. The absolute return from this portfolio provides an indication of whether the higher quality companies are outperforming the lower-quality companies. Continue…
by Tim Kelley Posted in Investing Education.
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What’s behind the weak performance of quantitative investing?
Tim Kelley
February 3, 2020
Equity markets have been very kind to investors in recent years, with stock indices setting new records in Australia and overseas. Notwithstanding some episodes of turbulence along the way, these good results continue a decade-long run of mainly positive returns following the depths of the GFC in early 2009. Continue…
by Tim Kelley Posted in Investing Education.
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Is there still juice in the Telstra thesis?
Tim Kelley
January 29, 2020
In this interview for Livewire Tim Kelley discusses Telstra. After several years of price falls it seemed that the gap between price and value had not just closed but reversed altogether. The issues, while real and material, have been fully priced in to Telstra shares. So what lies ahead? Should investors still hold Telstra even though its recent share price appreciation? Read here. Continue…
by Tim Kelley Posted in On the Internet.
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