Stocks We Like

Apple Part II: What would it take to reach $2 trillion?

Daniel Wu

September 25, 2018
In Part I of this two-part blog on Apple, we discussed some of the criticisms that Apple faced as an investment case on its journey to a $1 trillion market capitalisation. This Part II will take a look at some of the lenses through which we can view Apple as a business, to better understand Apple’s prospects of growing another trillion. continue…

by Daniel Wu Posted in Companies, Stocks We Like

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Alibaba: Tariff war has thwarted the pledge to create one million US jobs

David Buckland

September 21, 2018
On the back of the recent announcement that Jack Ma will be stepping down as Chairman of Alibaba Group Holding (BABA US) in September 2019, the company has just completed a three-day investor conference. continue…

by David Buckland Posted in Companies, Stocks We Like

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Could Freightways Surprise on the Upside?

Tim Kelley

September 13, 2018
One business we have admired (and owned) for quite some years is NZ-listed Freightways Limited (NZX:FRE), which provides express package services throughout New Zealand, as well as information management and mail services. continue…

by Tim Kelley Posted in Companies, Stocks We Like

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Steadfast delivers a reassuring set of numbers

Roger Montgomery

September 10, 2018
Steadfast Group (ASX:SDF) is the largest general insurance broker network and group of underwriting agencies in Australasia. It also has growing operations in Asia and Europe. Two of our funds own shares in the company, so we were eager to read its FY2018 results. Here are our initial impressions. continue…

by Roger Montgomery Posted in Companies, Stocks We Like

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An Online bellweather thanks to TradeMe

Roger Montgomery

August 30, 2018
Recently, New Zealand-based TradeMe (ASX:TME) reported its FY18 results. Think of this business as a combination of Ebay, Seek, Realestate.com.au and Carsales.com.au. continue…

by Roger Montgomery Posted in Companies, Stocks We Like

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Apple part 1: A $1 trillion company at 18x P/E

Daniel Wu

August 24, 2018
Last week I attended an Apple summit hosted by a prominent Apple analyst. One of the main lamentations shared by both the host and a majority of the audience (for this was not a gathering of investment analysts) was why Apple, the most valuable company and arguably the most recognisable brand in the world, was persistently priced by the market like it was going out of business – all the way up to $1 trillion. continue…

by Daniel Wu Posted in Companies, Editor's Pick, Stocks We Like

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How REA benefits from a weakening property market

Roger Montgomery

August 22, 2018
With this weakening property market comes a decrease in auction clearance rates, credit availability and home prices. So how does REA Group (ASX:REA) benefit from this? REA’s revenues have little to do with real estate prices and everything to do with listings volume and advertising yields (pricing and mix shift). continue…

by Roger Montgomery Posted in Companies, Stocks We Like

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Apple touches $1 trillion

Daniel Wu

August 3, 2018
During the morning session on August 2, 2018, Apple (NASDAQ: AAPL) became the first company in history to reach $1 trillion market capitalisation. This is a significant milestone for the financial markets and a moment of vindication for long-time Apple believers, but is of little significance to us because, as investors, we care about where a stock may head in the future, not where it has been in the past. continue…

by Daniel Wu Posted in Companies, Stocks We Like

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Upside in a Property Downturn

Christopher Demasi

August 2, 2018
Read the reports on the Australian housing market and it seems every main indicator has turned down: auction clearance rates, credit availability, and (the big one) home prices themselves. But there is one Aussie housing market statistic that is up: total home listings. continue…

by Christopher Demasi Posted in Property, Stocks We Like

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Owning mobile payments in Asia

Andrew Macken

August 1, 2018
When navigating global equity markets, it helps to align one’s sails to the major tailwinds of growth. We have written about the advantages of investing with tailwinds on numerous occasions in the past continue…

by Andrew Macken Posted in Companies, Stocks We Like

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