Tagliaferro: A cheap stock with a catalyst

Anton Tagliaferro, founder of Investors Mutual, says they’ve added Clydesdale Bank to their portfolio in the recent quarter. “Clydesdale looks very cheap. The big upside with Clydesdale is that it’s a very under-utilised franchise.” With NAB’s attention focussed elsewhere, new ownership could be just what it needs. “It’s been neglected, it’s been the bit of NAB that they didn’t want. With new management on board now, and a strategy being put together, we’re quite confident that Clydesdale can do a lot better in the years going forward.” Watch the video for the full story, and to find out what the other stock they've been buying has been. (Stock discussion starts at 2:30)