Value Investor: Budget winners and losers

The miners and some big-name stocks emerge as the clearest beneficiaries of the federal budget.

The budget headlines were all about tough spending cuts, particularly in healthcare, education and reduced welfare and family benefits. However, our analysis of the budget sees four clear winners in the ASX.

McMillan Shakespeare: POSITIVE

Heading into the budget, McMillan Shakespeare (ASX: MMS) was a wildcard. Would the government keep its promise to retain the FBT exemption for novated leases?

Graph for Value Investor: Budget winners and losers

Figure 1 – MMS Price-Value chart
Source: StocksInValue


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