Wry & Dry #39-26 Harvest of discontent. Budget: only two things to do. Couldn’t run a bath.
It was a week when (a) Trumpster showed-off his new passport with his own image on page 4 to Emperor Eleven; (b) Grim Jim brought down a budget with massive broken promises (can he be bound by promises made by Uncle Albo?); (c) Iran continued to keep winning at the game of chicken; (d) the UK Reform party caused the Starmer government to split like Yugoslavia after the fall of communism; and…
…(e) the Liberal Party could muster only 12% of the vote in seat it had held for 25 years. And the media in Melbourne focused on a major issue: the resignation of an AFL coach (i.e. manager) was the lead news item for the week.
The budget
In this week’s Investment Matters, confident that the many twists of Iran, the Australian political malaise, and prognostication on interest rates can wait another week, if not longer, we return to the discussion of stocks.
We felt it was useful to revisit CSL Limited, a great Australian company with a valuable global franchise that has underperformed as a stock in recent years.
The federal budget, banking sector, Metcash, Inghams & CSL updates
In this week’s Investment Matters we share our thoughts on the Federal Budget, the banking sector and company updates from Metcash, Inghams & CSL