Some Thoughts on Netflix

As Netflix’s share price continues its unabated journey to the moon, it seems timely to consider what exactly is baked into its valuation. Competition in the space is rapidly heating up and the company’s cash burn continues to worsen. At 14x sales the stock appears to be priced for perfection – and then some. Whilst […]

Australia: As Safe As Houses

It’s often difficult for many Australians to consider investment options beyond property. And to be fair, it’s hard to blame them. Australia’s 27-year run (and counting) without a recession driven shock has led to exceptional returns for banking and property investors alike. A generation of uninterrupted house price growth has created the seemingly irrefutable but […]