Insightful Insights

Value investors around Australia are united in their view that there are few bargains remaining in the Australian stock market. This is evidenced by the M&A activity seen in the market for inferior-quality companies who have lost market share and suffered declining profits and/or margins. continue…

by Roger Montgomery Posted in Insightful Insights, Market Valuation.

• 17 Comments
• save this article
• POSTED IN Insightful Insights, Market Valuation

Vocus Communications (ASX: VOC) plans to acquire FX Networks Limited, New Zealand’s only ducted inter-city fibre optic network, for an enterprise value of NZ$116m (A$108m), or around 8 times EBITDA. This will be Vocus Communications’ sixth acquisition, and easily their largest, in the past four years. continue…

by David Buckland Posted in Insightful Insights, Takeovers, Technology & Telecommunications.

• 2 Comments
• save this article
• POSTED IN Insightful Insights, Takeovers, Technology & Telecommunications

It’s a rare feat indeed for businesses to grow consecutively year-on-year for a decade, and just a handful of companies will ever achieve such a milestone. So when you own a company that has just notched up its fortieth consecutive quarter of growth, you know you have something special. continue…

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

• 2 Comments
• save this article
• POSTED IN Companies, Health Care, Insightful Insights

There is nothing in the dark that isn’t there when the lights are on.

It seems you can ignore warnings of an imminent stock market crash. The US Fed is happy for a bubble to form, and it’s not even worried about any subsequent bust. No longer is the US Fed beholden to fears of irrational exuberance, and commentators who point to rising risks may simply be premature, if not completely missing the point of ignoring who is in charge. continue…

by Roger Montgomery Posted in Economics, Foreign Currency, Insightful Insights.

• 5 Comments
• save this article
• POSTED IN Economics, Foreign Currency, Insightful Insights

This is a frustrating market for value investors. Like many of our ilk, we are struggling to find high quality companies trading at prices that we consider attractive. As a result, we now hold significant cash balances in our funds waiting for opportunities to emerge. continue…

by Tim Kelley Posted in Insightful Insights, Investing Education.

• 2 Comments
• save this article
• POSTED IN Insightful Insights, Investing Education

Deutsche Bank has circulated its predictions of Federal Reserve actions for the next six months. continue…

by Ben MacNevin Posted in Economics, Insightful Insights.

• 1 Comments
• save this article
• POSTED IN Economics, Insightful Insights

You may be surprised that I’m asking this question; surely the answer is very trivial. Well, let’s take a look. continue…

by Scott Shuttleworth Posted in Insightful Insights.

• 17 Comments
• save this article
• POSTED IN Insightful Insights

A reader asked me a question on my recent blog post on Nick Scali (ASX: NCK) and I thought I would make it the topic for today. The reader asked; “Is there a reason why the company would prefer to increase debt rather than fund with cash reserves?” continue…

by Scott Shuttleworth Posted in Insightful Insights.

• 4 Comments
• save this article
• POSTED IN Insightful Insights

Carsales.com (ASX: CRZ) has announced the acquisition of a 50.1 per cent stake in Stratton Finance for $60.1 million. continue…

by Ben MacNevin Posted in Insightful Insights.

• 1 Comments
• save this article
• POSTED IN Insightful Insights

If I were to begin by saying that investments (at fair prices) in businesses with strong economics and long term sustainable competitive advantages have tended to yield better than average returns in the past, would I be saying something controversial? Well I guess that depends on where I say it… but on this blog at least it shouldn’t raise many eyebrows. continue…

by Scott Shuttleworth Posted in Insightful Insights.

• 3 Comments
• save this article
• POSTED IN Insightful Insights