Ansell's price climbs

It was a regrettably short-lived buying opportunity but it's time to take a breather.

Well, it was fun while it lasted. Glove and condom maker Ansell's share price has risen 14% since we initially upgraded it in Ansell: bad news, good news from 4 Feb 16 (Buy – $15.49). Thankfully our Growth and Equity Income portfolios managed to start small holdings in the stock at $15.05. But with a forward price-earnings ratio of around 13, we're downgrading Ansell to HOLD.

Note: The Intelligent Investor Growth and Equity Income portfolios own shares in Ansell. You can find out about investing directly in Intelligent Investor and InvestSMART portfolios by clicking here.

Disclosure: The author owns shares in Ansell.