Computershare's Morris turns buyer again

Intelligent Investor

Independent Financial Research

What does it take for a seller to become a buyer? A stock price fall, of course. Chris Morris, Computershare’s (ASX: CPU) founder, has been a consistent seller of shares in his company over the past few years. It’s of no great concern; entrepreneurs get bored like the rest of us and he has instead turned his attentions to the tourism and entertainment sector. (Incidentally Morris is not the first rich-lister to buy hotels, islands, breweries and the like. But tourism assets are perhaps more of a lifestyle purchase than a money-making venture. Morris recently also bought the Townsville casino because casinos ‘allow you the cash flow to do other things’.) Read full article (VIEW LINK)


Intelligent Investor
Intelligent Investor
Independent Financial Research

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