Insightful Insights

In recent months we have looked at valuation from a few perspectives. Our conclusion has been that the Australian market is on the expensive side of fair value, but not to an alarming degree. continue…

by Tim Kelley Posted in Insightful Insights, Investing Education, Value.able.

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I have just completed my latest monthly column for Money magazine, and it got me thinking about why I think there might just be an almighty stock market boom sometime between now and 2016. continue…

by Roger Montgomery Posted in Economics, Insightful Insights.

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We’ll take a break from The Screen series for a few weeks, as our focus shifts to full-year company results and outlook statements. And while it’s still early days, a few businesses have already caught our attention. Below follow our notes on two of them. continue…

by Russell Muldoon Posted in Companies, Consumer discretionary, Health Care, Insightful Insights.

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Following our recent post on REA Group, I thought it worthwhile to observe the patience in which some companies invest their expansion capital. continue…

by David Buckland Posted in Companies, Insightful Insights, Property.

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Having studied past corporate responses to airline disasters – including those of Japan Airlines, Korean Air and ValuJet – the last of which suffered a major crisis in 1996 after one of its planes crashed in the Florida Everglades – I’m not surprised to hear that Malaysia Airlines is to be delisted pending a major restructure. continue…

by Roger Montgomery Posted in Airlines, Insightful Insights.

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The Law Council of Australia may allow lawyers to share in the claims awarded to their clients, otherwise referred to as contingency fees. Reimbursing lawyers with contingency fees, rather than nominal fees, will have important implications for litigation funders such as Bentham IMF (ASX: IMF). continue…

by Ben MacNevin Posted in Insightful Insights.

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Perhaps I’m dropping the cat amongst the pigeons, poking a hornet’s nest or even releasing the hounds by talking about executive compensation, but a study conducted by recruitment firm Equilar, and reported in Bloomberg Businessweek by Eric Chemi and Ariana Giorgi, convincingly demonstrates there is little relationship between executive salaries and stock holder returns. continue…

by Scott Shuttleworth Posted in Insightful Insights.

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You’ve got to give full marks for effort, and love the enduring ability of some people in our industry to come up with reasons for you to trade. I couldn’t contain myself when I read late last week, one pundit’s arguments for “rotating” out of banks and into resources. continue…

by Roger Montgomery Posted in Insightful Insights.

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The other day, we ran ‘the screen’: a quantitative tool we use from time to time (and we employ a number of them at Montgomery) in an attempt to rank the market based on the relative valuations of industry groups.

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by Russell Muldoon Posted in Insightful Insights.

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At Montgomery, we spend quite a bit of time talking to broking analysts to try to deepen our understanding of industry dynamics. Sometimes we get a good return on that investment of time, and this was the case recently when we sat down with UBS to talk about banks. continue…

by Tim Kelley Posted in Financial Services, Insightful Insights.

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