Boubouras: We’re looking closely at Woolworths

Livewire Equities


George Boubouras, Chief Investment Officer of Contango Asset Management, has called for a re-rating on large-cap stocks. After underperforming significantly in the period to 30 June, he said “the worst is behind us” for large-cap stocks. The recent period was “the best performance of small-cap & micro-cap relative to the large caps that we’ll see for some time.” One large-cap on his radar is Woolworths, which he called “one of the most shorted large-cap stocks in Australia.” He said the closing of underperforming stores was a positive move, but structural challenges remain. While they’re still underweight in the large-cap portfolio, they’re closely investigating whether now is the time to get in. Full interview: (VIEW LINK)

1 topic

1 stock mentioned

Livewire Equities
Livewire Equities

The Livewire Equities feed brings you a range of insights that relate to Australian equities


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment