It could have been worse.
Commodities are still looking strong and brokers continue to upgrade their numbers. It presents an opportunity to buy.
It has certainly thrown a spanner in the works from their (News Corp.'s) perspective and it is something that needs to be taken reasonably seriously,
It has certainly thrown a spanner in the works from their (News Corp.'s) perspective and it is something that needs to be taken reasonably seriously.
Commodity companies have in the past been price takers rather than price makers, and that won't change dramatically, but if you have greater control of your supply, that makes it more favorable to the mining companies.
In his role as a chief executive, he should have been aware of what's been happening. With his departure there's a greater chance that the company will not lose its monopoly position.
A bit of softness in steel and building materials was expected, but perhaps not to this extent. The market overall has moved up in accordance with expectations for earnings, so any company that doesn't meet them will take a bath.
I'm still backing the miners to outperform because there's no let up yet in the commodities boom. A lot of the good news about demand from China may be understated and you'd have to think this rally has some way to go yet.
The outlook for the banks has improved substantially in the past six months. Housing lending has held up better than expected and business lending has been very, very strong.
It's hard to see where the future of Telstra's business lies. Its ongoing battle with the government isn't inspiring shareholders either.
It's hard to see where the future of Telstra's business lies, ... Its ongoing battle with the government isn't inspiring shareholders either.
Rita is one big question mark that's been removed and it's safer to buy stocks now. Companies that do business in the U.S. are naturally going to be more relieved.
It's an extremely profitable business model. They have carved out a very good niche, being among the first to identify infrastructure investments such as toll roads.
The competition in New Zealand is very, very intense, so we've seen a fair bit of margin compression and also the quality of its book in New Zealand has actually deteriorated as well.