Roger Montgomery regularly contributes his Value.able stock market insights to Australia’s leading stock market tip sheets and newsletters, including Alan Kohler’s Eureka Report and Australia’s favourite investment magazine Money. Click any of the links below to read Roger’s analysis.
Three rules of value investing, once learned and applied, never need change. Read online.
All the figures are strong for Reece Australia. If only the share price would drop below its intrinsic value … Read online.
Most companies are not cheap and some are downright expensive, making value harder to find.
Rising interest rates make it more important than ever to invest in those companies with the best returns on equity. Read online.
Has your stockbroker or adviser told you that a company’s shares were cheap because they were trading on a low PE ratio? Zip up your wallet and run!
Goodwill comes in two forms: economic and accounting. Don’t over-pay for accounting goodwill.
Transurban might have an impressive collection of assets; but the figures are not so persuasive.
A 50 for one split in his Berkshire Hathaway shares puts a slice of the world’s greatest investor more affordable. But is it good value?
CSL is delivering strong returns, has world- class management and bright prospects, yet its shares are below their level of March 6.
Investors keen on a quick profit from the Myer float may get their wishes fulfilled but the opportunity is not certain and the odds remind me of the man who jumps from a great height, hoping that the landing won’t hurt.
I regard P/Es as nonsense, and forward P/ Es, sector average P/Es and the like as nonsense squared.
How will the sagging US dollar affect your portfolio?
Roger Corbett will have a titanic challenge in turning around the good ship Fairfax.
Investors who have enjoyed the market’s sharp rebound might be thinking about taking profits. Here are four points to consider.
Your performance in the stockmarket is more a function of the boat you get into than who is rowing. Fund manager, Roger Montgomery reveals his thoughts on Fairfax. Read the article.
The enthusiasm surrounding the Myer float is good reason for a value investor to stay clear. So is the expected price.
If you ever hear I’ve bought an airline, call an ambulance. Here’s why.
Westpac and The Reject Shop have been good investments, but now it’s time to cash in.
The retailer has competitive advantage, high return on equity and no debt, all of which leads to the enviable “profit loop”.
Cash in the bank offers better returns than iSoft, which is still trading well above its intrinsic value.
ASX used to be a wonderful business but is now expensive. Telstra is not as expensive, nor is it wonderful.
JB Hi-Fi and Cochlear post strong results, which leads to their intrinsic value being lifted further.
The retailer’s same-store and overall sales were strong, it is dominating its sector and its prospects are bright.
Westpac has strong assets, is a good corporate citizen, and I’ll be buying more shares if the price dips below intrinsic value.
At $2.40, few investors wanted The Reject Shop. Now at $12, it is much more popular. But where to from here?
Fund managers, at the right price, can be wonderful investments.
A sound portfolio is about buying shares in the right businesses at the right prices.
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