Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Tagliaferro: Buying quality on weakness

Livewire Equities

Livewire

Anton Tagliaferro, Investment Director at Investors Mutual, says that he used the share price weakness following the recent sacking of Orica’s CEO to add to their already existing position in the stock. In a recent roadshow presentation he used this example to illustrate the opportunities he is still finding in the market despite relatively high valuations in many companies. Tagliaferro notes that Orica is the world’s largest explosives manufacturer with global operations and more than 50% of their earnings generated offshore. “The fact that the CEO left and the share price fell 10% is a bit of noise to us. I’m not sure who sells their shares on days like that. It’s often hedge funds and quant machines… I don’t think it is sensible investors who are selling their shares on days like that.”


1 stock mentioned

Livewire Equities
Livewire Equities
Livewire

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

Expertise

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.