ASX:PGC

PARAGON CARE LIMITED

Steve McCarthy

We consider it important to invest within a disciplined value investing framework in order to significantly outperform the market over the long term. Importantly, value investing can be applied to both high and low growth businesses; the key is to invest when the true underlying worth of the business is... Show More

Steve McCarthy

The market moves in cycles which are often extreme. We are currently experiencing a market which appears almost exclusively focused upon momentum rather than value, quality or traditional fundamentals. Should investors give up on fundamental value investing strategies and follow the markets’ momentum focused lead? Or is it time to... Show More

Monash Investors Pty Limited

Paragon Care (PGC) is a supplier of medical equipment and consumables to Australian hospitals and aged care centres. It reported on Monday 7 August. Organic sales growth grew 15% for the year with acquisition growth adding another 10% to sales. At the same time EBITDA margins have been expanding with... Show More

Steve McCarthy

Finding high quality businesses to invest in means sifting through many, many companies which don’t make the grade. The higher the grade required, the more sustainable and repeat-able the process in our opinion. Our shopping list for high quality stocks is long and hard to achieve: i) Profitable and generating... Show More

Monash Investors Pty Limited

Out of the top 12 companies held by the Monash Absolute Investment Fund, 7 beat analyst earnings expectations during the recent reporting season. However, the headwind against smaller growth companies that started in October continues. So despite a “good” results season, the fund went backwards. Show More

Steve McCarthy

Expectations for the upcoming reporting season are at the highest they have been in 3 years. In our experience, heightened expectations often lead to disappointments. This is particularly the case for industrials with global operations which in the last 6 months have had to contend with the impact of Brexit... Show More