Market commentary

Now the dust has settled on last week’s budget announcement, we have collectively come up with a number of ways that proposed changes to the budget may impact listed businesses, and provide some of these below. continue…

by Russell Muldoon Posted in Economics, Health Care, Insightful Insights, Market commentary.

• 1 Comments
• save this article
• POSTED IN Economics, Health Care, Insightful Insights, Market commentary

We have long believed (and written) that the risk to changes to the Fringe Benefits Tax (FBT) in the budget were non-existent. The share price decline of McMillan Shakespeare (ASX: MMS) over recent months however, suggested the rest of the market believed otherwise. continue…

by Roger Montgomery Posted in Market commentary.

• 10 Comments
• save this article
• POSTED IN Market commentary

In this interview with Ross Greenwood on Radio 2GB on Tuesday May 6, Roger discusses risk and probability when it comes to investing, and why it’s important to consider the value of a business rather than trying to gamble on the stock market. Listen here.

by Roger Montgomery Posted in Investing Education, Market commentary.

• save this article
• POSTED IN Investing Education, Market commentary

We often see the market jumping at shadows. Take the recent weakness in the share price of McMillan Shakespeare (ASX: MMS).  Given the absolute and ‘in writing’ promise by both Abbott and Hockey that changes to fringe benefits tax for salary packaging were off the table, we have been miffed by the swirling rumours that there would be changes in the budget detrimental to MMS. continue…

by Roger Montgomery Posted in Insightful Insights, Market commentary.

• 10 Comments
• save this article
• POSTED IN Insightful Insights, Market commentary

Chatting to Ross Greenwood on Radio 2GB on Tuesday April 8, I talk about home ownership and the Baby Boomer generation, and the dynamics that will play out between the two over the next few years. Listen here.

by Roger Montgomery Posted in Market commentary.

• 3 Comments
• save this article
• POSTED IN Market commentary

We were interested recently to see Jeremy Grantham add his view to the “bubble or no bubble” debate. In a typically thoughtful contribution, Jeremy has set out a test for what constitutes a bubble and determined objectively that equity valuations currently do not meet that test. continue…

by Roger Montgomery's Team Posted in Market commentary.

• 1 Comments
• save this article
• POSTED IN Market commentary

As a follow-up from our last post on Seth Klarman’s warning about impending asset price bubble, we found the below graphic that highlights an increasing amount of capital being raised by lower quality companies, rather interesting. (You can view the original post on ZeroHedge, here).

by Roger Montgomery Posted in Market commentary.

• 2 Comments
• save this article
• POSTED IN Market commentary

Over the weekend, journalist, leading economist and fellow fund manager Christopher Joye penned a profile article for the Australia Financial Review. We’re republishing it here, as opposed to just our usual press section, because we think it encapsulates exactly what it is we are attempting to do here at Montgomery Investment Management.

The missionary zeal of value investor Roger Montgomery

by CHRISTOPHER JOYE continue…

by Guest Author Posted in In the Press, Market commentary, Montgomery News and Updates.

• 2 Comments
• save this article
• POSTED IN In the Press, Market commentary, Montgomery News and Updates

As we draw the curtains on 2013, we thought it would be interesting to look back at the three most popular stories from the year. They are… continue…

by Roger Montgomery Posted in Market commentary.

• save this article
• POSTED IN Market commentary

My kids all played this game at the Montgomery residence when they were very young. We’d line up all manner of items next to a bowl of water and the kids had to think about whether the item would float or sink. Heavy pieces of wood were always fun because despite their weight, they floated.

That surprised look must also be on the faces of those who purchased shares in some of the recent wave of floats. continue…

by Roger Montgomery Posted in Companies, Market commentary.

• 12 Comments
• save this article
• POSTED IN Companies, Market commentary