Companies

Resmed (ASX: RMD) – the Aussie sleep apnea treatment business – is a company we really like. It’s the largest position in the Montgomery [Private] Fund and second largest in The Montgomery Fund. And its 1Q results were again impressive, propelling the stock price to all-time highs.
continue…

by Andreas Lundberg Posted in Companies.

• 2 Comments
• save this article
• POSTED IN Companies

Only 12 months back, Telstra (ASX: TLS) shares were trading at around $5.00. The fall since then has been precipitous. Which has got a lot of investors asking: does it finally represent good value? continue…

by Tim Kelley Posted in Companies, Editor's Pick, Technology & Telecommunications.

• 3 Comments
• save this article
• POSTED IN Companies, Editor's Pick, Technology & Telecommunications

We like high quality businesses. And Macquarie Group (ASX: MGQ) is clearly one of those. So, you may wonder, why don’t we hold it in our funds? continue…

by Andreas Lundberg Posted in Companies.

• 4 Comments
• save this article
• POSTED IN Companies

Like all good companies, Challenger Limited (ASX: CGF) has a habit of under-promising and over-delivering. It’s a fact not lost on investors, who have driven the share price up from around $3 five years ago, to over $13 today. Challenger is a top 3 holding in The Montgomery Fund, and our confidence in the business was borne out yet again this week when it reported a 1Q trading update. continue…

by Andreas Lundberg Posted in Companies.

• 3 Comments
• save this article
• POSTED IN Companies

Just as we start to believe we have seen everything, all of a sudden a company takes us by surprise.  Take the recent decisions by Select Harvests, for example. continue…

by Andreas Lundberg Posted in Companies, Editor's Pick.

• 6 Comments
• save this article
• POSTED IN Companies, Editor's Pick

It’s time to ask whether the tyranny of distance becomes the achilles heel of the giant online shopping networks … or to put it another way, are logistics companies part of the online boom or part of its problem? continue…

by Roger Montgomery Posted in Companies, Consumer discretionary.

• 1 Comments
• save this article
• POSTED IN Companies, Consumer discretionary

Followers of our blog may raise an eyebrow at the sight of Wesfarmers (ASX: WES) recently finding its way into the top ten holdings in The Montgomery Fund. Over the years, we have written various articles on the headwinds facing the Australian supermarket industry, with a particular focus on the rise of discounters like Aldi, and more recently we have observed that Woolworths has taken steps to reverse a long trend of weak like-for-like sales performance, and begun to retake market share. continue…

by Tim Kelley Posted in Companies.

• 6 Comments
• save this article
• POSTED IN Companies

As many of you know, we have long been supporters of the REA Group (ASX: REA) story with the company a longer term holding in both our domestic and global funds.

Initially we were attracted to the very high rates of return on equity and little or no debt – a function of the company’s dominant position and its ability to charge higher prices even after a decade of competitors offering the same service for free. continue…

by Roger Montgomery Posted in Companies, Property.

• 1 Comments
• save this article
• POSTED IN Companies, Property

Most investors have their equity portfolios heavily skewed to the largest ten companies. Is that you? Do you think yours is a “blue chip” portfolio? Or have you given up on active fund managers and believe that investing in an Australian index fund is smarter?

by Roger Montgomery Posted in Companies.

• 7 Comments
• save this article
• POSTED IN Companies

Amazon and changing consumer habits claimed another victim during the week with US ‘category killer’ Toys R Us filing for Chapter 11 bankruptcy protection. This brings the total number of US retailers that have filed for Chapter 11 to 24 this year, up from 18 in 2016, according to S&P Global Market Intelligence. And there’s still three months of the year to go. continue…

by Stuart Jackson Posted in Companies, Consumer discretionary.

• save this article
• POSTED IN Companies, Consumer discretionary