What is the Montgomery Investment approach?
In these highlights from the Sky Business Switzer program broadcast on 21 March 2013, David Buckland talks about The Montgomery Investment Management approach to valuing stocks, and discusses M2 Telecommunications (MTU), The Reject Shop (TRS), and Silver Chef (SIV). Find out what he thinks by watching the video here.
Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
David McAllister
:
David – just saw you on YMYC where your stockwatch was TRS. You said that at Montgomery there was a view that TRS still had 20% upside. However, according to Skaffold TRS has a margin of safety of – 36%, and has a forecasted value of $16.85 in 3 years time (currently $16.02). Can you explain this apparent contradiction?
Thank you.
Roger Montgomery
:
Hi David,
We have more optimistic expectations than the wider analyst community. We could be wrong.