Getting Out and About
Welcome to the 26th edition of the BKI Quarterly report, prepared by Contact Asset Management (Contact).
As the economy reopened and the fastest bear market in history was followed by the fastest bull market, the team at Contact got out and about to try and make sense of the COVID-19 crisis. We consider getting out of the office and visiting companies paramount to our investment process. It allows us to observe the current operating environment and gain a better understanding of the long-term prospects for the companies we invest in. Site tours and company visits included the new airport in Western Sydney, Lindsay Australia’s Eastern Creek Facility, Brickworks and Goodman Group’s Oakdale Industrial Estate, Sonic Healthcare’s Laboratory in Macquarie Park, the store opening of Woolworths in Eastern Creek and several retailers. In this report, we share some of our insights and takeaways.