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Members Podcast Thursday

I am taking some profits today in the IDEAS PORTFOLIO and throwing in the towel on the BHP and MQG one stock portfolios for the moment. The sugar hit from the RBA pause is well and truly over. That didn’t last long. The ASX 200 was up 33 on the day of the pause, dropped 26 yesterday and the futures are down 37 today.

JBH – Don’t buy yet

JB Hi-Fi (JBH) was established in 1974 by Mr. John Barbuto (JB), trading from a single store in East Keilor, Victoria. He had one simple philosophy: to deliver a specialist range of Hi-Fi and recorded music at Australia’s lowest prices. It is now a $4.9 billion listed company with $9.2 billion worth of turnover and is one of Australasia’s fastest-growing and largest retailer of home entertainment.

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