ValueLine: Ten underperforms, seriously
Investors who buy cyclical businesses on the basis of a forecast are destined for disappointment. Read Roger’s article at www.eurekareport.com.au.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
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.
Greg Mc
:
G’day Roger,
I reckon your Valueline table needs a little attention.
Roger Montgomery
:
Hi Greg,
It does look like there’s a bug that crept in when it was reset to zero again on July 1. I will update. Thanks for bringing it my attention.
Florence
:
Hi Roger,
I have been follow your ValueLine from the beginning. I noticed that you increased the intrinsic value of PTM recently while the market price keep going down.
As a long time holder of PTM shares (and a fan of Kerr Neilson), I could not help to ask if there is any insight you would share with us behind this?
Kind regards
Florence
Roger Montgomery
:
Hi Florence,
Nothing that cannot be shared. Just an upgrade to the performance of the business based on statements they have been making.