value investing

An old world stock with new world upside

Roger Collison
Roger Collison DMX Asset Management

At a time when so many investors are focused on technology and growth, it is understandable why the market is less interested in a seemingly old-economy company like Joyce Corporation Limited (ASX:JYC). Joyce’s origins go back over 130 years, and at one point was Australia’s largest foam and furniture manufacturer,... Show More

value investing small caps micro caps ASX:JYC Joyce

The investment case for Discovery Communications

Peters MacGregor Capital Management

Whether you have Foxtel or not, you’re bound to be familiar with some of Discovery Communications’ most popular TV shows, such as MythBusters, Bear Grylls’s Man v Wild, Deadliest Catch and Shark Week. Ok, maybe not, but these non-scripted reality TV shows, which are cheap to make, have long been... Show More

Philo a Death Knell for Cable TV

Kevin Rose
Kevin Rose Forager Funds

Marc Andreessen, founder of famed venture capital firm Andreessen Horowitz and co-author of the world’s first widely used web browser, believes there are “only two ways to make money in business: One is to bundle; the other is unbundle.” Show More

value investing forager funds

TradeMe looks set for long-term revenue growth

Stuart Jackson
Stuart Jackson Montgomery Investment Management

Lately, we are hearing many investors lament that it’s getting hard to find value in our market. Well, there are still pockets of value. And TradeMe (ASX:TME), New Zealand’s largest online auction and classifieds website, could be one of them. Show More

value investing ASX:TME

Montgomery Global’s 4 steps to investing

Andrew Macken
Andrew Macken Montgomery Global Investment Management

In this short video I discuss Montgomery Global’s four-step investing process by reviewing a core holding in our global portfolios. If you are interested in the four-steps, watch the short video here. Show More

investing value investing global economics

Jupiter reaching for the stars

Andrew Macken
Andrew Macken Montgomery Global Investment Management

We were recently asked what we see in Jupiter Fund Management (LSE: JUP), a UK-based business owned in the Montgomery global portfolios. Without giving away our entire analysis, the following note seeks to lay out, in simple terms, why we believe this is a high quality global business that is... Show More

value investing global equities quality companies

Crown vs Star: Which is the best bet?

Buy Hold Sell
Buy Hold Sell Livewire

They say the house always wins, but with both Crown and Star Entertainment to choose from, which house is the better one to bet on? Crown’s flagship casino in Melbourne is the biggest in the country, but can it shake off all the bad press? Star has had a good... Show More

Home Cooking and Value Investing - Why Careful Ingredient Selection and Patience Pays Off

Adrian Warner
Adrian Warner Avenir Capital

Many would agree that the execution of a patiently prepared home-cooked meal with carefully selected ingredients is a rewarding endeavor. Pre-packaged takeaway is convenient, but is undesirable for many reasons, beyond any immediate satisfaction. Show More

value investing avenir capital

One sector that ticks all the (wrong) boxes

Michael Goldberg
Michael Goldberg Collins St Value Fund

Whether it is companies that have experienced share price declines due to regulatory uncertainty, or industries that are generally out of favour, our best returns have historically come from recognising opportunities where others have decided that the issues are simply “too hard”. One sector that currently ticks all the (wrong)... Show More

retail value investing ASX:JBH ASX:MYR ASX:TRS

What year is it again?

Patrick Poke
Patrick Poke Livewire Markets

Billionaire value investor and hedge fund manager, David Einhorn, said in an investor letter this week: “The market remains very challenging for value investing strategies, as growth stocks have continued to outperform value stocks. The persistence of this dynamic leads to questions regarding whether value investing is a viable strategy." Show More

hedge funds value investing bubble david einhorn

Join the conversation

Where to find opportunities in large companies

Clime Asset Management
Clime Asset Management Funds Management & Stock Research

There is so much confusion about the stocks in the ASX’s large-caps index, the ASX 50. Some investors see them as ‘blue-chips’ by virtue of their size and longevity, and thus see them as long-term portfolio holds. Others think the ASX 50 is largely useless: a motley, concentrated index of... Show More

Join the conversation

Red flags: How to spot portfolio bombs

Livewire Exclusive

When hunting for undervalued companies, investors will inevitably encounter the dreaded ‘value trap’; a stock that’s so cheap that it looks too good to be true. As the old saying goes, if it sounds too good to be true, it probably is. Show More

analysis value investing risk management

Join the conversation

A world of opportunity

Nathan Bell
Nathan Bell Peters MacGregor

After eight years of falling interest rates and quantitative easing, most investors are wondering how long before the next great fall and when it will happen, mostly so they can dump their shares and avoid the pain suffered during the GFC. Show More

SDA potentially a great opportunity for patient investors

Clime Asset Management
Clime Asset Management Funds Management & Stock Research

The market is littered with the corpses of over-geared, would-be consolidators that grew too fast and didn’t fully integrate acquisitions along the way. You needn’t even stray outside of the telco sector to find a recent and very public example in Vocus Group (ASX:VOC). You would therefore be forgiven for... Show More

Join the conversation

Can't find your style? Knowing what you don't know.

Jonas Palmqvist
Jonas Palmqvist Alphinity Investment Management

Will a ‘growth’ or ‘value’ regime dominate in equity markets from here? After ten years of ‘growth’ leadership, the debate around style timing is intense. Following the financial crisis, ‘growth’ stocks have clearly been a better option than ‘value’ stocks. The main explanations offered for this is lacklustre global economic... Show More

technology value investing financials growth investing style

Join the conversation

Smaller Companies: A guide to bargain hunting

Clime Asset Management
Clime Asset Management Funds Management & Stock Research

Small-caps offer opportunities for outsized returns, however it’s also an area in which to be especially cautious. Simply buying a basket of smaller companies in recent years probably wouldn’t have yielded good results, as the chart below starkly reminds. You have to be selective. Show More

value investing small cap baupost seth klarman

Finding 'value' in US equities

Peter Wilmshurst
Peter Wilmshurst Templeton Global Growth Fund Ltd (ASX code:TGG)

Where is the US Equity Market headed? Can Opportunities still be found? Show More

How the demise of Kodak shaped the way this fundie invests

Livewire Exclusive

Through the 80’s Kodak was the second most valuable brand in the world. In 1986 Wayne Peters, aged 26, launched a network of Kodak Express stores on the East Coast. In 1989 Canon brought out the first digital camera, it would prove to be highly disruptive and terminal for Kodak. Show More

value investing global shares

See 1 more comment

Macmahon's Indonesian Adventure

Steve Johnson
Steve Johnson Forager Funds

Mining services company Macmahon has been in the wars for most of the past decade. As the largest holding in Forager's Australian Shares Fund, we are anticipating the next decade being better. In this video we discuss our recent trip to Indonesia, new contract wins and the importance of Macmahon's... Show More

mining services value investing forager ASX:MAH

A look at Metro Bank and the UK banking industry

Nathan Bell
Nathan Bell Peters MacGregor

Metro Bank is the new kid on a UK retail banking scene plagued with customers fed up by lousy treatment from the largely unchallenged oligopoly of Barclays, HSBC, Lloyds Bank and Royal Bank of Scotland. We take a look into why Metro is great and the industry it operates in. Show More

Join the conversation