Tea, biscuits and argy-bargy
I converted to the religion of annual meeting attendance late. Earlier in my investing career, eyeballing management wasn’t a big priority (it’s still a secondary consideration but that’s a topic for...
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Primary Health Care: Will practice make perfect?
In May 2009, I wrote a review on medical centre and pathology provider Primary Health Care called Primary Health Care’s big bite. Following the peer-review process we call the ‘Dragon’s Den’, the...
View ArticleIs Sonic the next Sigma?
It’s a worrying headline and, I have to admit, gratuitously provocative. But, as an analyst and investor, it’s important I consider that my current positive recommendation on pathology and radiology...
View ArticleWhy companies are giving bank debt the flick
I’ve noticed an interesting trend of late. Australian companies, including Sonic Healthcare and Toll Holdings, amongst others, have been raising debt in the US private placement market. The debt is...
View ArticleAre ‘constant currency’ results a conjuring trick?
As you’ll be aware—if you’re a member of The Intelligent Investor—we’ve been recommending Australian investors diversify away from Australian assets (see, most recently, the Director’s Cut: January...
View ArticleLearn to love bad news—then buy big
I’m currently reading Investing the Templeton Way, the latest book on John Templeton, by Lauren Templeton and Scott Phillips. The fawning account of his career and tedious writing are hard to take,...
View ArticleRemuneration: Wrong incentives, wrong result?
To be honest, I rarely pay much attention to executive remuneration. I know it’s been garnering a lot of attention lately, but the topic is just so darn boring. As a company analyst, I’ve precious...
View ArticleGP co-payment changes benefit Medibank, NIB and Sonic Healthcare
More than one chief executive slept well last night. Medibank Private (ASX: MPL), NIB (ASX: NHF) and Sonic Healthcare (ASX: SHL) will all benefit from the revised budget. Prime Minister Tony Abbott has...
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