Is there value in the big banks?

Over the past year, Australia’s big four banks – Commonwealth Bank (ASX: CBA), Westpac (ASX: WBC), ANZ (ASX: ANZ) and NAB (ASX: NAB) have fallen anywhere from 14% (CBA) to 21% (NAB) excluding dividends. As a result, all four big banks now trade at attractive yields (which are all fully franked too): Bank Historical yield…

Dexus moves further into healthcare

Listed property trust (or A-REIT) Dexus (ASX: DXS) today announced that it taken a small stake in Heathley Limited, the manager of Heathley Healthcare REIT. Heathley Healthcare REIT owns 42 healthcare assets across Australia and Dexus will also take a cornerstone investment in it. This transaction is another step by Dexus, Australia’s largest office landlord,…

Tesla CEO Elon Musk sued by the SEC

Electric car manufacturer Tesla (NASDAQ: TSLA) has been at the forefront of the transition away from internal combustion engines to electric cars. CEO and largest shareholder Elon Musk initially pursued a strategy of producing luxury vehicles before more recently moving down market and concentrating on producing a cheaper vehicle for the masses. While Tesla’s Model…

NAB forced to play politics

After competitors Commonwealth Bank(ASX: CBA), Westpac(ASX: WBC) and ANZ(ASX: ANZ) raised variable home loan rates to compensate for rising funding costs, it seemed only a matter of time before NAB(ASX: NAB) followed suit. Yet ultimately it didn’t. Our new Prime Minister approved, suggesting NAB “gets it” for not raising variable home loan rates “out of…