In this episode of Buy Hold Sell, we look at stocks that generate their earnings offshore. These earnings have been squeezed as the local currency rallied 10% against the greenback. We ask two fund managers if they think this shift presents an opportunity to pick up quality business at lower prices.

Panel: Matthew Kidman  from Centennial Funds is joined by Ben Rundle from NAOS Asset Management , and Sam Granger from Totus Capital 

Key points: 

  • Boral:  Capital intensive, High PE, Headwaters give good exposure to infrastructure but stock is expensive.
  • James Hardie: Peers in US have reported strongly, and James Hardie has been taking market share. However also has had operational issues, and management turnover.
  • Ansell: High ROE, good track record, buyback is coming.
  • Each of the panelists puts forward their top pick for exposure to offshore earnings.  

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