Dear %%first_name%%,
This week is big bank week and the latest of the behemoths to report was Commonwealth Bank – a darling of Charlie Aitken. I also believe it’s the pick of the bank bunch, as does Switzer expert, Paul Rickard.
In some more good news from the current government, Treasurer Joe Hockey has totally scrapped that proposed tax on investment income in excess of $100,000 on assets supporting a pension. The previous Labor government had wanted to tax that at 15%, but it will now be left tax-free, as it’s all too hard and common-sense has prevailed – phew!
And if you didn’t get to pick a winner on Tuesday, you might pick one today. As well as Charlie on CBA, we have Roger Montgomery giving his view on Sirtex.
On the other hand, Paul Rickard gives the thumbs down to the much-hyped Channel Nine float – avoid.
In Buy, Sell, Hold – what the brokers say, retailers David Jones and Billabong get upgrades, while Margaret Lomas has some very common-sense advice on what to do in this hot property market, and Tony Negline explains which court decisions you should be paying attention to.
Sincerely,
Peter Switzer