Buy Hold Sell: Quality stocks on sale

Buy Hold Sell

Livewire Markets

Holding high-growth names has been a painful exercise in recent months. Valuations in a number of quality companies have come under intense pressure due to a range of factors including: 1) increased competition, 2) structural shifts in industries, and 3) a simple case of sectors de-rating as investor sentiment swings. The collective valuation of REA Group, Carsales and Brambles, all quality businesses, has fallen $6.7 billion or 21.1% over the past six months and serves as a simple illustration of these shifts. Yet each company occupies market-leading positions in its respective industry locally, and in some cases globally. So, does this swift change in sentiment present a compelling opportunity for investors? Matthew Kidman puts this question to Alex Leyland from Leyland Private Asset Management and Hugh Dive from Atlas Funds Management. They also each share a quality company they think looks attractive right now.

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Buy Hold Sell is a weekly video series exclusive to Livewire. In each episode two fund managers give their views 'Buy, Hold or Sell' on five ASX listed companies. Not recommendations, please read the disclaimer and seek advice where appropriate.

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