Consumer discretionary
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The internet of (almost) everything
Scott Shuttleworth
August 4, 2014
Last week, I came across an interesting article on Yahoo! Finance that presents examples of where Warren Buffett has done well – and not so well – in the retail sector. It attributes Buffett’s Achilles’ heel to the way that “the Internet is rapidly reshaping shopping habits and affecting Berkshire-owned retailers in ways they didn’t expect”. continue…
by Scott Shuttleworth Posted in Consumer discretionary, Technology & Telecommunications.
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Keeping an eye on The Reject Shop
Scott Shuttleworth
July 21, 2014
After a four-month search for the right candidate, The Reject Shop (ASX: TRS) has found a new CEO in Ross Sudano. continue…
by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights.
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The deep dive on retail
Scott Shuttleworth
July 17, 2014
Yesterday, we attended a lunch put on by one of our brokers for a deep-dive into the unlisted retail industry. Here, we gained further insights into the sector, following a raft of negative news flow recently from the likes of Supercheap Auto (ASX: SUL), The Reject Shop (ASX: TRS) and Kathmandu (ASX: KMD). continue…
by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights.
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If you can’t take the heat…
Ben MacNevin
June 13, 2014
A number of retailers have recently warned the market that warm weather and weaker consumer confidence after the Federal Budget are impacting trading. But how many of these retailers may be trying to use these temporary issues as an excuse for structural pressures? continue…
by Ben MacNevin Posted in Consumer discretionary, Insightful Insights.
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The Reject Shop: Where to next?
Scott Shuttleworth
June 11, 2014
As I’m sure many of our readers are aware, The Reject Shop (ASX: TRS) announced yesterday a revised profit forecast for the financial year to June 2014 of $14.5 – $15.5 million, down around 15 per cent from the previous guidance of $17 – $18 million. The Reject Shop IS NOT a holding in The Montgomery Funds. continue…
by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights.
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WHITEPAPER
THE PROPERTY RUG PULL
Discover how proposed changes to negative gearing, Capital Gains Tax and holiday home tax rules could reshape property investing, and why investors may consider private credit as property returns become less certain and tax advantages diminish.
READ HERE -
A spotlight on Beacon Lighting
Scott Shuttleworth
June 11, 2014
One stock that had excellent performance on its first day as a listed company was Beacon Lighting (ASX: BLX) which had its IPO in April of 2014 with a $142m valuation. continue…
by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights.
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Sitting pretty
Scott Shuttleworth
June 10, 2014
If you are looking for evidence that a high quality business can do well over time, you need look no further than Nick Scali (ASX: NCK). Between FY06 and FY13, an investment in Nick Scali has yielded a compound return of 11.6 per cent per annum (without reinvestment of dividends). This return may not sound high, note that our investment horizon covered one of the most difficult economic period since the Great Depression. continue…
by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights.
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Making sense or losing cents?
Roger Montgomery
June 3, 2014
If you’re a smaller shareholder in either Westfield Group (ASX: WDC) or Westfield Retail Trust (ASX: WRT), then you might be forgiven for thinking you’re in the middle of World War Three. continue…
by Roger Montgomery Posted in Consumer discretionary, Insightful Insights, Property.
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Domestic retailers still control online game
David Buckland
May 29, 2014
Management consultant, A.T. Kearney claims the Australian supermarket duopoly will eventually come under attack from pure-play online retailers and packaged goods suppliers. continue…
by David Buckland Posted in Consumer discretionary.
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Spotlight on: ARB
Scott Shuttleworth
May 13, 2014
ARB Corporation is a well-known small cap company, often quoted as “the stock Warren Buffet would buy”. Today we were lucky enough to hear from the company’s managing director, Roger Brown, whom shared his insights on the company’s current standing and future. A summary of my notes follows: continue…
by Scott Shuttleworth Posted in Companies, Consumer discretionary, Insightful Insights.
