Tagliaferro on results, volatility and the new growth normal
In a global economy that Anton Tagliaferro of Investor Mutual describes as just “ok”, growth is hard to come by for most Australian companies. “The problem is to grow from here; a lot of companies are finding it pretty tough… it’s difficult to grow if you're reliant on the economy to grow. Your only way to grow is through acquisitions…if you have regulated returns or if you are taking market share from someone else. That’s really where you have to look for growth; growth is not coming because economies anywhere are doing particularly well.” In volatile markets like the price action of last week Tagliaferro has a calm way of describing his actions, “so we have got our list of where we want to buy things, at what yield, and when they hit those levels we start chipping away… we didn’t see many of them hit them by the way, last week.” To hear what stocks Anton believes are worth “chipping away” at watch the video below.