Consumer discretionary
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What is a game changer?
Roger Montgomery
March 20, 2013
Last night I received an unsolicited text message from Vodafone informing that Samsung had just released their Galaxy 4S. Vodafone cooed “it looks like a game changer”. Last week it was Dominos Pizza who insisted that new toppings (toppings others already had) and a square base (competitors already have those too) were ‘game changers’.
The noun Game Changer is being used a little too liberally at the moment, and lest it creep into our vernacular to such a degree that university students use it to describe skipping the train and catching the bus instead, I thought I’d attempt to use photographs to illustrate my understanding of game changers:-
continue…by Roger Montgomery Posted in Consumer discretionary, Insightful Insights, Technology & Telecommunications.
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Online Retailing
David Buckland
March 14, 2013
As people conduct more and more of their lives online and the world progressively moves towards being “all digital,” the retail industry is undergoing a significant change.
Consumers are increasingly looking for low prices for top quality goods, and online retailers–able to save on the costs of expensive prime rental locations and sales staff–are meeting this demand.
The growing digitalization of media such as music, books and films plays into this need, and together, these factors are helping to redefine the retail landscape.
continue…by David Buckland Posted in Consumer discretionary.
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Gamechanger?
Roger Montgomery
March 11, 2013
If you are fan of pizza – I am but only the home made variety I grew up with in inner northern Melbourne – you may have seen Domino’s Pizza promoting its “biggest announcement in twenty years”. The social media campaign caught our interest because the company made a $15.4 million net profit for the six months to December 2012 but enjoys a market capitalisation of $800 million. We wanted to know what their “game changer” was going to be. As one Facebook fan wondered, it could be GPS guided pizza missiles.
Dominos have done an amazing job of harnessing the internet and social media to radically change the fast food industry but this campaign backfired badly. Believe it or not, the “Gamechanger”/”biggest announcement in 20 years”, was the release of new toppings and rectangular pizza bases. In a press release at the weekend Dominos announced:
“In the biggest and tastiest announcement in Domino’s 20 year history, Domino’s Pizza have revealed their new Chef’s Best™ Range…
continue…by Roger Montgomery Posted in Consumer discretionary, Insightful Insights.
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Longing for Liquidity
Ben MacNevin
March 8, 2013
Below is one of the most spectacular half-year financial results we have seen this reporting season.
continue…by Ben MacNevin Posted in Consumer discretionary, Insightful Insights.
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MEDIA
Retailers and Banks on the rise
Roger Montgomery
March 5, 2013
In discussion with Ross Greenwood on Radio 2GB, Roger highlights the rising prices of Australian Banks and Retail stocks – but that they still aren’t particularly appealing picks to value investors. Listen here.
This program was broadcast on 5 March 2013.
by Roger Montgomery Posted in Consumer discretionary, Radio.
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Which Energy Stocks Does Roger Rate?
Roger Montgomery
February 21, 2013
In the highlights from this edition of Peter Switzer’s Sky Business program broadcast 21 February 2013, Roger provides his latest insights into Origin Energy (ORG) and BHP (BHP), and also explains how applying his Value.able investment strategy still makes Wesfarmers (WES) a stock that Montgomery Investment Management won’t hold in the near term, despite its price recovery. Watch here.
by Roger Montgomery Posted in Companies, Consumer discretionary, Energy / Resources, Insightful Insights, TV Appearances.
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Coles & Woolies MUST be reigned in!
Roger Montgomery
February 19, 2013
Australia’s farmers agree. Coles and Woolies need to be reigned in. I was chatting with John Morrison on ABC Radio this week and my description of the ultimate result of government policy settings fired up the farming community. So grab a coffee, a cup of tea, a beer or a glass of pinot and settle in.
This is one issue that affects all Australians and their wallets.
This interview was broadcast 12 February 2012. Listen here.
by Roger Montgomery Posted in Consumer discretionary.
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Retail on the Rise (Again)
Roger Montgomery
February 12, 2013
In discussion with ABC1’s Ticky Fullerton Roger provides his insights into the outlook for Retail Stocks in the half-year reporting period.
This interview was broadcast 12 February 2013. Watch here.
by Roger Montgomery Posted in Consumer discretionary, Insightful Insights, TV Appearances.
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Tailoring the right fit for Pumpkin Patch
Ben MacNevin
January 31, 2013
Pumpkin Patch is a New Zealand company that specializes in higher-end children’s wear. The company began in New Zealand in 1990 and expanded into Australia in 1993, and has managed to reach mature growth in both markets. Many Australasian retailers that reach mature growth will use their positions to support overseas expansions. Pumpkin Patch has managed to launch a profitable wholesale business by signing distribution agreements to hundreds of department stores around the world. However, its store rollout into the UK in 2001 and the US in 2005 has really hurt the company. This retail model was never profitable, and while a high New Zealand dollar and sluggish retail environment did little to help their margins, management were unable to replicate the success of the Australasian stores. The company accumulated NZD13.5 million of retained losses before management made the decision to close their UK and US stores and focus on their online and wholesale divisions.
continue…by Ben MacNevin Posted in Consumer discretionary, Insightful Insights, Manufacturing.
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The “New” Kmart
Ben MacNevin
December 7, 2012
With Christmas trading moving into full swing, everyone’s focus seems to be on the retail climate in Australia, with particular themes in the media springing to mind:
· Online sales are making it difficult for bricks and mortar stores
· Interest rates need to be cut further to stimulate spending
· The failure of Click Frenzy…
by Ben MacNevin Posted in Companies, Consumer discretionary, Investing Education.