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Your Editor On Switzer: Bad News Announcements Ahead!

FNArena Talks | Jul 26 2013

This year's August reporting season will be characterised by lay-offs, write-downs, spin-offs, closures and profit warnings, warned FNArena Editor Rudi Filapek-Vandyck during his most recent appearance on Switzer TV, and the damage won't remain limited to gold miners and mining services providers only.

Given the transformational phase for the domestic economy, with an overall slow down gaining traction, and the significant falls in commodity prices while the Aussie dollar has only recently retreated from historic high values, the FNArena Editor believes many companies will be forced to clean the slate via more bad news announcements. It is his view that investors can only hope all the bad news has already been priced in beaten down share prices, otherwise there will be more damage to investor portfolios.

It is his view that, overall, investment returns in the weeks ahead will be more determined by what stocks investors do not own than by the ones they do own.

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