Macquarie long on action, short on detail
This financial conglomerate’s management seems to be doing the right things, but its latest announcement comes up short on helpful detail.
Flight Centre gloom is just the ticket
With a global recession looming, a struggling Australian dollar, terrorism in India and political strife in Thailand, there are plenty of reasons to worry about Flight Centre – and it has all combined to provide a great opportunity.
Corporate Express site visit
Greg Hoffman and James Greenhalgh headed out to tour Corporate Express’s new Sydney distribution centre recently, but the move to new premises isn’t the only change underway at the company.
Banks may force Envestra's hand
This company’s monopoly pipeline network remains solid. But with banks the only remaining source of credit, and some large slabs of debt maturing in the next two years, a capital-raising looms large.
Infomedia's industry in turmoil
The US Government is coming to Detroit’s rescue. But big structural problems need to be fixed.
BBI EPS: worth more or worthless?
These income securities have been pummelled along with the ordinary Babcock & Brown Infrastructure securities. It looks like there’s value on offer.
AWM and IOOF tie the knot
Despite our ongoing concerns with the Ord Minnett acquisition, the proposed merger of Australian Wealth Management and IOOF looks much more sensible.
T for Trouble at Timbercorp
This company has been a strong recommendation of ours for more than 18 months. It’s now in an awful mess.
Balloons burst at Harvey Norman
This year marked Harvey Norman’s 21st annual meeting, but its coming of age party has been a fizzer. At least shareholders are getting the present of a cheap stock.
Fund managers go with the flow
The market downdraught and net outflows of funds have hurt the three fund managers we cover, but their underlying performance, at least in relative terms, has remained pretty good.
Cheap accommodation at Fleetwood
This caravan manufacturer has made a huge investment supplying temporary accommodation to the resources sector and, with the cycle now turning, profits are likely to fall. But a cheap stock price can make up for a lot.
Hothouse stocks: a year on
At an industry level, developments have largely been as expected since last year’s review of the power sector, but there have been some wild performances from individual companies.
Macquarie model misunderstood, not broken
The naysayers have it that Macquarie is a relic from the boom times, but a cold hard look at its various divisions shows that, for the most part, things are still ticking along.
Japanese property trusts fight for survival
High fees, high debt and misaligned incentives are a dangerous combination, and so it has proved for these Japanese property trusts. But with their beaten-down stock prices, there might be something in them – if you’re very brave.
RHG leaves investors in the dark
We turned up at the RHG annual meeting with high hopes of receiving a distribution. We left sorely disappointed.
Call 1300 880 160
Start a chat
Schedule a call
