October 8, 2019
Back in November 1990, with the Australian economy deep in the doldrums, Treasurer Paul Keating uttered his now famous remark that this was “a recession that Australia had to have”. It was, remarkably, Australia’s last recession. Today, with our economy again looking into the abyss, I believe there is a simple measure the government could take to prevent the next one. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
September 23, 2019
In a previous article, I wrote about when and why it might make sense to follow the advice of holding companies for long periods when Buffett said: “Our favorite stock holding period is forever”. It is worth digging into this further and exploring what characteristics you’d look for in a business you planned to hold forever. Continue…
by George Hadjia Posted in Investing Education.
September 11, 2019
The smaller end of the stock market delivered a mixed bag during the recent reporting season. But if you sift through the company reports, you’ll find five themes common to those that provided positive reports and/or outlook statements. These are the companies to put on your watchlist. Continue…
by Dominic Rose Posted in Companies, Stocks We Like.
October 18, 2019
What’s going on with the share price of data center provider NextDC (ASX: NXT)? Over the past year, it has massively underperformed other firms in both the tech and AREIT sectors. But with interest rates staying low, and the demand for data center services booming, is its market valuation set to rise? Continue…
by Gary Rollo Posted in Companies, Stocks We Like.
October 17, 2019
I have written previously about our view that interest rates are likely to remain low for a protracted period. In June we looked at the 50-year history of interest rates in the US and discussed the challenges to interest rates rising in the near-term, and in July we looked at equity prices in the context of a low rate environment. In this post I want to share a much longer history of interest rates that contains some surprising and meaningful insights. Continue…
by Christopher Demasi Posted in Global markets.
October 4, 2019
We recently launched the Montgomery Small Companies Fund. This new fund has invested in some truly dynamic businesses that we believe will deliver superior returns over the coming years. One of those is EML Payments (ASX: EML). Continue…
by Dominic Rose Posted in Companies, Editor's Pick, Stocks We Like.
September 17, 2019
When it comes to investing in global technology stocks, it pays to do your homework. Because there are some major differences between the big brands that dominate the space. Take Google, Facebook and Uber, for example. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
August 29, 2019
With reporting season sprinting to the end, on a fundamental level it is not all doom and gloom, there are winners (and losers). We notice a clear winner in companies with direct consumer exposure. What are our observations on the cyclical winners and those companies with structural growth tailwinds?
by Gary Rollo Posted in Companies.
September 20, 2019
Despite recent data showing home prices have stopped falling and auction clearance rates are strong, I believe these positive signs are no match for the negative shocks that could soon hit the residential construction sector. The upside is that the any stock market volatility could serve up some tasty investment opportunities among residential building developers and their suppliers. Continue…
by Roger Montgomery Posted in Editor's Pick, Property.
August 20, 2019
To invest successfully in small companies, you really need to know the people running the businesses. And in Gary Rollo and Dominic Rose, the Montgomery Small Companies Fund has two highly experienced fund managers well equipped to assess the leaders of ASX-listed small companies. Continue…
by Roger Montgomery Posted in Montgomery News and Updates.
Gary Rollo says lean, agile small companies are the engine room of the nation’s innovation here's why.