Insightful Insights
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High and dry?
Roger Montgomery
May 13, 2013
As you are no doubt aware, we have been keen followers of the mining services sector – before the wholesale sale of the Montgomery [Private] Fund’s exposure back in April last year.
continue…by Roger Montgomery Posted in Energy / Resources, Insightful Insights.
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Thinking long and short term
Roger Montgomery
May 11, 2013
Seth Klarman is the author of an out-of print book on value investing that sometimes sells for several thousand dollars. He is also the founder and CIO at Boston-based fund manager Baupost. His latest letter has been excerpted across the internet and we thought the following section was relevant for those investors wondering how to make sense of the current boom in financial stocks, the bust in resources and whether the latest rate cut from the RBA makes any difference at all.
continue…by Roger Montgomery Posted in Insightful Insights.
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New IPOs on the block
Russell Muldoon
May 10, 2013
Despite the buoyancy in the stock market over the past 12 months, it has been surprising to see so few new businesses apply for listing on the Australian Securities Exchange. Fewer still we would deem to be quality.
continue…by Russell Muldoon Posted in Insightful Insights.
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JB Hi-Fi on the up?
Ben MacNevin
May 8, 2013
Last week, within the first few minutes of sitting in a conference room listening to an update by Terry Smart, one of Australia’s smartest retailers, he announced a sales and profit upgrade. Naturally having a position in JB Hi-Fi (JBH) is pleasing.
continue…by Ben MacNevin Posted in Companies, Insightful Insights.
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The world according to Charles Munger
Roger Montgomery
May 7, 2013
The world according to Charles Munger.
Why are bankers like heroin addicts? Why is the USA unlike Japan? Why does QE concern Charlie Munger? Are Greek’s built for capitalism? If Charlie Munger was running US healthcare how would you fare?
continue…by Roger Montgomery Posted in Insightful Insights.
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An investment theme we like
Tim Kelley
May 6, 2013
Healthcare is one of the investment themes we like at Montgomery. In most OECD countries, healthcare spend has been growing at around GDP +2% for many decades, and ageing populations will provide a tailwind for some time to come. This is a challenge for governments, who can’t readily grow revenues faster than GDP and so will need to reduce their share of the total spend. However, with demand growing, we expect that private contributions will increase to fill the gap. Baby boomers who can afford to look after themselves will likely choose to do so.
continue…by Tim Kelley Posted in Health Care, Insightful Insights.
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Up up and away…?
Russell Muldoon
May 3, 2013
It should come as no surprise. We have always shunned capital intensive businesses such as Qantas.
continue…by Russell Muldoon Posted in Airlines, Insightful Insights.
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CSL restarts production of influenza vaccine for Australia
Ben MacNevin
May 1, 2013
CSL has announced that it is restarting production of influenza vaccine for the Australian market in response to higher than expected demand this season.
continue…by Ben MacNevin Posted in Health Care, Insightful Insights.
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How Far Can The Big Four Banks Go?
Tim Kelley
May 1, 2013
Strong investor support for stocks with high dividend yields has been one of the defining features of the Australian share market over the last year or two. The big four banks have been particular beneficiaries of this, and with a healthy first half result reported this week by ANZ, the theme has additional momentum.
continue…by Tim Kelley Posted in Financial Services, Insightful Insights.
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What’s happening at our banks?
Roger Montgomery
April 30, 2013
What’s happening at our banks? ANZ reports.
by Roger Montgomery Posted in Financial Services, Insightful Insights.
