Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM, A2 Milk has had mixed fortunes over the last few years, falling from grace and now showing some impressive gains in 2024. Are their forward projections on growth into overseas markets justifying their strong recovery ? National Storage seems a bit flat footed at the moment, being moved around by the timing of interest rate cuts. Does National Storage still fit in MM’s portfolio strategy moving forward ? Thanks Lana.
Hi Lana,
Two very different but interesting stocks at present:
National Storage (NSR) – we do still like NSR as a more calming component of the MM Active Growth Portfolio. Not all portfolio positions can have a Beta of say Paladin (PDN) or Sandfire Resources (SFR), they look great when they move your way but as we all know that’s not always the case. Coming back to NSR which is indeed being weighed down by rising bond yields but we are firm believers in the long term macro trend of higher density living which combined with peoples love of “stuff” is a bullish for NSR.
a2 Milk (A2M) – After a tough few years A2M has surged over 60% in 2024, not bad when the markets actually slightly lower. We do believe the company has turned the corner but we don’t like the risk/reward around $7 especially after their milk sales goal has been delayed by Chinas birth rate – it screens expensively on 32x with these uncertainties surfacing. We would be more interested nearer $6.
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