Search Results for: coh
-
Why we continue to like Sirtex
Scott Shuttleworth
October 21, 2016
At the end of August we provided some brief comments on the FY16 results of Sirtex Medical Limited (ASX:SRX). At the time, we noted that SRX should be on the radar of every value investor. We continue to hold that view, and are happy to share our most recent thoughts on the variables we consider when evaluating the business.
Continue…by Scott Shuttleworth Posted in Companies.
TaggedSirtex Medical Limited (SRX)- 18 Comments
- save this article
- 18
-
POSTED IN Companies.TaggedSirtex Medical Limited (SRX)
-
Is this another signal that a bubble is forming?
Roger Montgomery
August 16, 2016
From skirt lengths, to magazine covers to public protests and the rise of ant-establishment voting, signals are everywhere. And, as investors, we need to pay attention to them. Which is why the imminent sale of the long-held Soul Pattinson building in Sydney’s Pitt Street Mall caught our eye. To us, it’s yet another signal that asset prices are over-stretched. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
- 12 Comments
- save this article
- 12
- POSTED IN Editor's Pick, Market commentary.
-
How do you value a growth stock like Cochlear?
Tim Kelley
July 19, 2016
You don’t have to look far to find high quality stocks that seem to have overshot their intrinsic value. As value-driven investors, we have two choices: use lower discount rates in order to justify investing in these stocks, or hold our cash and wait for better value to emerge. Continue…
by Tim Kelley Posted in Investing Education.
- 10 Comments
- save this article
- 10
- POSTED IN Investing Education.
-
What is the greatest disconnect in the investment world today?
Roger Montgomery
May 11, 2016
History is riddled with the remains of empires whose leaders failed to understand the revolution that took place beneath them. Continue…
by Roger Montgomery Posted in Insightful Insights, Market commentary.
-
How and when to buy real estate
Roger Montgomery
February 24, 2016
Will Rogers infamously suggested real estate was the best investment in the world because no more was being made. He obviously wasn’t considering how many apartments could be constructed on a postage stamp of land nor do I expect he had Singapore in mind; In the two photos following you can see that Raffles Hotel on Beach Road in Singapore is one block back from the beach. Between it and the coast sits the Britannia Club building. In the second image Raffles is partly obscured by the roof of a high rise building in the foreground but the Britannia Club now has a green painted roof in the section of land marked for sale. Continue…
by Roger Montgomery Posted in Insightful Insights, Property.
- 11 Comments
- save this article
- 11
- POSTED IN Insightful Insights, Property.
-
An ear to the ground
Ben MacNevin
February 18, 2016
Cochlear’s (ASX: COH) strong focus on innovation has resulted in 440,000 people wearing its products. Management is now considering how to leverage this large and enduring customer base while attracting new ones. Continue…
by Ben MacNevin Posted in Insightful Insights.
- 3 Comments
- save this article
- 3
- POSTED IN Insightful Insights.
-
Lock up your Children!
Roger Montgomery
November 10, 2015
Do not wear a smart watch or fitness tracker or buy one for others.
In March this year we wrote an article for The Australian about the dangerous combination of wearable technologies that tracked vital health statistics and moods, the insurance industry, and artificial intelligence. Continue…
by Roger Montgomery Posted in Insightful Insights, Technology & Telecommunications.
-
The Future for Cochlear
Tim Kelley
August 12, 2015
Cochlear (ASX: COH) shares took a step back this week following an underwhelming full year profit report. While the business continues to grow, the market expected more, and some scale back of FY16 expectations was required. Continue…
by Tim Kelley Posted in Health Care, Insightful Insights.
- 1 Comments
- save this article
- 1
- POSTED IN Health Care, Insightful Insights.
-
Paying Dividends
Roger Montgomery
April 2, 2015
The emerging debate about whether the politically suicidal decision to reduce the tax benefits of franking credits and by extension the attractiveness of dividends for income, brings to my mind the company run by Warren Buffett – Berkshire Hathaway. This is a business that has not paid a dividend since 1967, but has created thousands of millionaires and quite a few billionaires too. Continue…
by Roger Montgomery Posted in Investing Education.
- 11 Comments
- save this article
- 11
- POSTED IN Investing Education.
-
Everybody Loves Raymond
Roger Montgomery
February 7, 2015
A couple of weeks ago at the World Economic Forum in Davos, Switzerland, Ray Dalio spoke with CNBC. Prominent economic thinkers in Davos believe the U.S. economy is strong, but its ability to deal with the next crisis is in doubt. “The U.S. is growing and I think that’s a non-debatable fact,” Gary Cohn, president of Goldman Sachs, said Thursday at the World Economic Forum in Switzerland. “What I am concerned about is the actual ability of the U.S. to raise rates with what’s going on with the rest of the world.” Below, we summarise the outtakes.
by Roger Montgomery Posted in Economics, Insightful Insights.
- 1 Comments
- save this article
- 1
- POSTED IN Economics, Insightful Insights.
-
Aussie dollar exposure
Ben MacNevin
September 26, 2014
Team Montgomery has long warned the Australian dollar, at near parity to the US dollar, has a fair bit of downside risk (see here, here and here). With that hypothesis now playing out – and commentators starting to crow – you may be wondering which companies may benefit from a stronger US dollar. Continue…
by Ben MacNevin Posted in Foreign Currency, Insightful Insights.
- save this article
- POSTED IN Foreign Currency, Insightful Insights.
-
Reflecting on Australia’s Future
Tim Kelley
September 24, 2014
It’s hard not to be impressed by US dominance of the online world. If you look at a list of the top internet sites in Australia, the leaders are almost all of US origin: sites like Google, Facebook, YouTube, eBay and Wikipedia. Continue…
by Tim Kelley Posted in Insightful Insights.
- 7 Comments
- save this article
- 7
- POSTED IN Insightful Insights.
-
The world according to Munger
Roger Montgomery
September 17, 2014
Daily Journal Corporation (DJC) publishes newspapers and websites covering California and Arizona, as well as the California Lawyer magazine, and produces several specialised information services. Sustain Technologies, Inc. (Sustain), a wholly owned subsidiary, supplies case management software systems and related products to courts and other justice agencies, including administrative law organisations. These courts and agencies use the Sustain family of products to help manage cases and information electronically and to interface with other critical justice partners.
The company’s Chairman is none other than Charles T. Munger. Here’s a transcript of his comments from last week’s DJCO Shareholders meeting.
We’ve copied it here raw and unedited, but there are many pearls. It’s long, so print it off and enjoy.
by Roger Montgomery Posted in Insightful Insights.
- 5 Comments
- save this article
- 5
- POSTED IN Insightful Insights.
-
Sounding out the risks
Ben MacNevin
August 7, 2014
Cochlear Ltd (ASX: COH) released its 2014 full-year financial results on Tuesday. The market reacted favourably to the result, largely due to the considerable increase in revenues from the first half of 2014 to the second half of 2014. However, we remain cautious about the company’s prospects for two reasons. Continue…
by Ben MacNevin Posted in Companies, Insightful Insights, Value.able.
- save this article
- POSTED IN Companies, Insightful Insights, Value.able.
-
Navitas and the rock star lecturer
Ben MacNevin
July 10, 2014
(Additional commentary by Roger Montgomery.)
Navitas (NVT: ASX) has announced that its largest University Pathways partner – Macquarie University – will not extend its partnership after 12 February 2016. Continue…by Ben MacNevin Posted in Insightful Insights.
- 1 Comments
- save this article
- 1
- POSTED IN Insightful Insights.
-
Reporting Season’s Winners and Losers
Roger Montgomery
February 25, 2014
As the current reporting season draws to a close, we’ve come up with our list of the market’s best (and, by default, less-than-best) performers.by Roger Montgomery Posted in Companies.
- 16 Comments
- save this article
- 16
- POSTED IN Companies.
-
2013… what a year!
Roger Montgomery
December 26, 2013
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.
-
Checking in on Cochlear
Tim Kelley
November 22, 2013
Cochlear Limited (COH) is one of the businesses we have followed with interest over the years. More recently, we have been concerned that competitors like Med-El and Sonova might be closing the technological gap on COH, and threatening its dominant market position. Continue…
by Tim Kelley Posted in Companies.
- 2 Comments
- save this article
- 2
- POSTED IN Companies.
-
Thinking about Virtus
Russell Muldoon
June 19, 2013
A key investing theme at Montgomery Investment Management has for some time been the positive financial impact on healthcare companies from an ageing western demographic. Given that the sector is stable and growing, it’s a must have, at the right price, in our investment portfolios. Of the invested assets in The Montgomery [Private] Fund, healthcare currently occupies approximately 26%. Continue…
by Russell Muldoon Posted in Health Care, Insightful Insights.
- 1 Comments
- save this article
- 1
- POSTED IN Health Care, Insightful Insights.
-
Analysing developments at Cochlear
Tim Kelley
June 5, 2013
Disappointing news from Cochlear (COH) this week. Following weak 2nd half sales, the company announced that it expected FY13 NPAT to fall between $130 and $135m – a large step down from what broking analysts had expected. Continue…
by Tim Kelley Posted in Companies.
- save this article
- POSTED IN Companies.