We reviewed the FY17 result for CSL Limited (ASX: CSL). Below are our summarised notes which readers may find useful, including our view on CSL. Continue…

by Scott Shuttleworth Posted in Companies.

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by Roger Montgomery's Team Posted in Old Content.

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As traditional media users and advertising spending shift to digital platforms, it’s causing advertising budgets to shrink. This effect has been called digital deflation. And it’s causing massive headaches for traditional media, advertising  and marketing businesses worldwide. Continue…

by David Buckland Posted in Media Companies.

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Back in May, we noted that the Telstra (TLS) share price had fallen by more than 20 percent in the previous 12 months, and we asked whether good value might be on offer. At that time, we estimated the value of TLS shares to be in the region of $3.77 per share, and concluded that value was not compelling against a share price at the time of $4.42. Following its recent results announcement, TLS shares have fallen to a level close to our previous value estimate, and in a market where value generally is scarce, it makes sense to repeat the question: does TLS represent good value? Continue…

by Tim Kelley Posted in Companies, Editor's Pick, Technology & Telecommunications.

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Disney will move its Disney and Pixar branded movies from Netflix to its own streaming platform in 2019. It’s not surprising that Disney is pursuing a direct relationship with the consumers of their content, but you may be surprised to learn that Disney still desires one middle-man to remain.
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by Ben MacNevin Posted in Consumer discretionary.

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by Roger Montgomery's Team Posted in Old Content.

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In this interview with Ross Greenwood, Roger Montgomery discusses companies return on capital and how to look at shares during the reporting season.

by Roger Montgomery Posted in Radio.

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You may be surprised to know that our largest position by far is cash.  And that’s because we’re not finding value among the quality businesses we like to own. In value investing, patience can be a virtue, and we think holding cash will pay off handsomely.  But, of course, not everyone will agree with us. Continue…

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

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