Fear of reemergent inflation peaked earlier this year, coinciding with a surge in US ten-year bond rates to 1.745 per cent at the end of March. While bond rates have eased slightly (now 1.61 per cent) they remain persistently and materially higher than at any time in 2020. Part of the reason remains lingering concerns about inflation. Continue…

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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The education industry is fond of stating that foreign students studying in Australia represent a $40 billion export industry.* And it’s using this ‘export’ benefit to push for an early re-opening of our national borders for foreign students.  I’m not denying that education is a sizeable export, but is this $40 billion figure actually correct? Continue…

by Andreas Lundberg Posted in Tourism.

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Universal Store (ASX: UNI) is a youth-focused retailer of trend-led and casual fashion, shoes, accessories, lifestyle and ‘gifting’. It only listed last November, but has managed to surprise market estimates to the upside three times since then with impressive and accelerating rates of organic growth. Clearly, it’s a great story, and I like the firm’s short to medium term prospects. Continue…

by Stuart Jackson Posted in Companies, Stocks We Like.

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Compared to most other major economies, Australia is now in a sweet spot. After breezing through the COVID-19 pandemic, economic growth is above expectations, unemployment is low, and the outlook for business is incredibly positive. If you add low rates and ongoing government support to the mix, it all adds up to a rosy near-term outlook. Continue…

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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There are over 2,000 companies listed on the ASX and most of them are small caps presenting huge investment opportunities in ASX small cap stocks, but how do you know which ones to invest in? We look for exposure to high-quality businesses that exhibit considerable growth and will come out of the pandemic in a stronger competitive position.

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by Gary Rollo Posted in Companies, Investing Education.

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Facebook’s March 2021 Quarter revenue increased 48 per cent to $26.2 billion from $17.7 billion with strong demand for advertising from the social network’s 2.85 billion monthly active users, across its Facebook, Instagram and WhatsApp platforms, up 10 per cent. Net income in the March quarter jumped 94 per cent from $4.9 billion to $9.5 billion, easily exceeding analysts’ expectations. Continue…

by David Buckland Posted in Companies, Stocks We Like.

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In this educational video Roger shares the steps for estimating intrinsic value using the formula from his book Value.able. Back in February 2011 when he applied the formula to Woolworths Roger arrived at an intrinsic value of $23.36. Today, he share with you the steps to update the estimated intrinsic value of Woolworths keeping in mind the biggest change over the last 10 years – a significant decline in interest rates. Continue…

by Roger Montgomery Posted in Editor's Pick, Investing Education, Video Insights.

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Network as a Service provider (NaaS), Megaport (ASX:MP1) is a company we follow with interest, and one that we have commented on in several previous articles. Continue…

by Tim Kelley Posted in Companies, Stocks We Like.

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