Investment Leaders Newsletter July 2024

Earlier this month, Apple regained its position as the largest company in the world (although since then has been duking it out with Microsoft and now even Nvidia).

Another year has gone by, and we still find ourselves asking the same question: “Are we there yet?” It’s been a turbulent ride for the last several years to say the least, an adventure that brings us back to our adolescence, sitting restlessly in the Family Truckster, itching to know when we’d finally arrive at our destination. Or maybe just wondering, “Where exactly is the destination we are supposed to be looking for?” 

The US represents a large market opportunity for Australian companies given the GDP of its individual states rivals that of countries. Antares recently spent some time in the US undertaking targeted research on the opportunities for some of their portfolio companies. In this note, they look at key success factors that have historically enabled Australian companies to be successful in the US and present their “on the ground research” findings for three companies - Johns Lyng, Steadfast and Treasury Wine Estates.