Articles

Is Amazon Cheaper than Coke?

Fund managers and CEOs around the world have been adjusting their estimates and guidance in the wake of the recent volatility. As defensive stocks have come back to the fore, and growth stocks have sold off, this has created an unexpected situation: based on EBITDA multiples, Amazon is currently cheaper than The Coca Cola Company.

“One, I would argue, is potentially a consumer staple of the future and one’s a consumer staple, potentially, of the past. One’s growing its revenue at 2%, and one’s growing its revenue at over 20%,” explains Nick Griffin, Chief Investment Officer.

In the video below, Griffin shares some of the messages he’s hearing from US earnings season, and his view on the current level of valuations.

Watch the video

 

This interview was published by Livewire www.livewiremarkets.com

Disclaimer: Grant Samuel Fund Services Limited ABN 48 129 256 104 AFSL 321517 (Grant Samuel Fund Services) is the responsible entity of the Munro Global Growth Fund ARSN 612 854 547 (Fund) and is the issuer of this information. The Fund is registered as a managed investment scheme under the Corporations Act 2001 (Cth). Grant Samuel Fund Services has appointed Munro Partners (ABN 58 295 538 057) (‘Munro’) as the investment manager of the Fund. Class A Units in the Fund are available for issue by Grant Samuel Fund Services, as responsible entity of the Fund. This information has been prepared without taking account of the objectives, financial situation or needs of individuals. Before making an investment decision in relation to the Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs and read and consider the product disclosure statement (PDS) for the Fund dated 4 February 2019. Copies of the PDS can be obtained by calling 1300 133 451 or from the website. Applications to invest in the Fund must be made on the application form which can be downloaded from this website or obtained by calling 1300 133 451. MAML, Munro, GSFM and their officers, employees, agents, and affiliates may have an interest in the Fund and may receive fees from dealing in the Fund. Please also see our financial services guide, privacy and terms of use via www.munropartners.com.au/legals/