Forum Topics PWH PWH Bull Case

Pinned straw:

Added 4 months ago

In case no one noticed, about a weeks ago this appeared on the news

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Now shares are back above $12! And possibly even more expensive than when the report came out

Hard to predict prices these days.

Out of curiosity, anyone got access to that report?

[held]

edgescape
Added 4 months ago

Found out this is a report by Morningstar. Funny how the report went out as PWH approached monthly low. Extract of the report below as it is quite long:

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edgescape
Added 4 months ago

Just curious, has Morningstar got any calls right?

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Mujo
Added 4 months ago

I think they’ve been pretty hopeless on quality and then technologist and growth in particular. They’ve been woeful - if you followed their best ideas over the last decade i think you would have underperformed the index if you just equally weighted.

I think the australian investment industry was very value orientated over the decades and morningstar was slow to adapt. Guess hard to go from banks and miners to learning about PME/XRO/ALU etc.

Theyve bought in the new tech analyst now who is pretty much only growth though - not the one covering PWR.

Growth has also had an amazing decade and there’s a scarcity premium on the ASX that results in growth trading at stupid valuations at points too.

I think they’ve been okay in old industrials etc. Banks they’ve had wrong too with WBC on best ideas a few years ago with a high ‘stewardship’ and ‘capital allocation’ rating even through the whole money laundering child exploitation scandal. They only removed it a year or so ago.

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