ANZ's ambitions grow
There was little to fear in the half-year numbers released by ANZ today: but the rhetoric sent a shiver down our spines.
Harvey Norman: Stalwart at a sluggard price
Now that the planned issue of options to executives has been ditched, it’s time to focus on the main game. The market is pricing Harvey Norman as if growth is a distant memory.
Gold sector review part 2 - Nuggets of value?
These four gold stocks all have desirable deposits. But there’s a difference between gold in the ground and gold in the bank.
Gold sector review part 1 - Is there glitter amongst the dirt?
The first of a two part sweep of the Australian gold sector hasn’t produced the glitter, but it has produced a few nuggets of wisdom; Avoiding pitfalls can be just as important as finding gems.
Templeton Global more timely than ever
Some investors are as patriotic about their portfolio as they are about sport. But pragmatic investors should consider the benefits of international diversification – Australia might not always be on top of the economic ladder.
Property developers on track
In January we pounced on a couple of property developers that the market had left behind. That theme remains on track, but performance within the sector has varied widely.
Fleetwood debt free, not risk free
Fleetwood has hitched its wagon to the resources boom. That’s great as long as the boom continues, and the competition remains in disarray.
MMC Contrarian's entitlement offer
MMC Contrarian is changing strategy once again. It’s a clear inflection point for shareholders, who are being asked to finance it.
Shining a light on Gerard
Sometimes it takes time to uncover the major risks within a business. Other times they shine like a beacon.
Elders produces an unexpected buy
Elders has disappointed a lot of people for a long time. And with disillusionment often comes opportunity.
Ansell offers slim protection
Ansell’s return on capital has exceeded 20% since 2005 and earnings per share have grown by a compound 18.7% per year since 2004. So why is free cashflow so impotent?
Sit pat on Corporate Express
For those who own Corporate Express and are considering the takeover offer from Staples Inc., there’s a clear course of action in the immediate term – do nothing.
Guinness Peat's grab bag
This company owns a mélange of assets spread across the world, making it a complex beast to value. Its complexity is exactly the reason we’ve taken a closer look recently.
Newcrest Mining: Golden egg or golden goose?
It is often claimed that Newcrest has great assets. But how true is that claim?
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