When seemingly bad news might actually be good news
In this article for the Herald Sun Andrew takes a closer look at the recent Challenger announcement to abandon the group’s return-on-equity target, the market did not take kindly wiping off 16% of Challenger’s market cap over 24 hours. Was this news hiding something good for the company’s future? Read here.
The Montgomery Global Fund and Montaka own shares in Challenger. This article was prepared 10 July with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Challenger you should seek financial advice.