Main guys dot a bit frustrated at BT and formed their own company a few years ago
A couple of them are accountants - so must be pretty good. (Had to say that)
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Salt of the earth forward thinking bean counters, (investors would be hoping), but I think they're barking up the wrong tree shorting this one. Hard to swim against a constant incoming tide for very long...
Speaking of salt of the earth asset managers I rate that Shane Solly of Harbour asset management, pretty smart guy. http://www.sharechat.co.nz/article/9...year-high.html
Ryman up 49c from a week ago, Sum up a wee bit, how's that SP ratio chart tracking winner?
I get the feeling sometimes these fund managers just want to stick their neck out to raise their profile and maybe their ego's... not that they need bigger ones. If it comes off, great for them... if not, they are so diversified it doesn't really matter... its not like SUM would be 100% of their portfolio. Good for us, if we are buying low because of their shorts.
Mateeee, reckon RYM's short term swing is related to end of year tax situations. But, long term on this sector is bloody positive. Focus is on how sector Leverage debt, Manage debt, Manage clients, Development costs and how reserve bank manages interest rates. Also property growth, how councils release and re-zone land.
Did Salt REALLY admit to being short? Lovely, thats a red rag to some of the other funds out there, who, if they follow usual procedure, will put the squeeze on. Tequila and lemon with your salt anyone?
Short people got no reason
Short people got no reason
Short people got no reason
To live
They got little hands
And little eyes
And they walk around
Tellin' great big lies
They got little noses
And tiny little teeth
They wear platform shoes
On their nasty little feet
Well, I don't want no short people
Don't want no short people
Don't want no short people
Round here
The retirement sector has been a bad investment this yr well underperformed the nzx except for arv.