Dear %%first_name%%,
Reporting season rolls on, with CBA reporting an $8.7 billion profit earlier this week, and Telstra today saying it had increased full-year profit by 14.3% to $4.3 billion! The telco also announced a $1 billion off market buyback (representing only 1.7% of its issued capital), but should you accept it? Stay tuned for Paul Rickard’s full wrap in Monday’s Switzer Super Report.
In today’s report, Geoff Wilson looks at the likely winners and losers this reporting season, which is expected to be more subdued than America’s recent company show and tell.
Also in the Switzer Super Report, Charlie Aitken is dialling up the contrarianism and reveals what he calls a classic, high-conviction, contrarian buy – BC Iron. And what will happen if the government winds back gearing of property investments for SMSFs? Barrie Dunstan says there needs to be better access to infrastructure investments for trustees.
Tony Featherstone adds three tech companies to the takeover target list and Tony Negline shows why it’s important to fully understand how insurance policies actually operate. And don’t miss Buy, Sell, Hold – brokers have upgraded REA and downgraded JBH. Plus, in Questions of the Week, we look at top stocks and whether corporate bonds are suitable for SMSFs.
Enjoy the read.
Sincerely,
Peter Switzer
This week Paul Rickard and I discussed growth stocks and where you can find them. Catch up here.