1 00:00:05,880 --> 00:00:08,610 Sean Aylmer: Welcome to the Fear & Greed Business Interview. I'm Sean Aylmer. 2 00:00:08,610 --> 00:00:10,860 Sean Aylmer: Today I wanted to start the week off by giving 3 00:00:10,860 --> 00:00:14,250 Sean Aylmer: investors something to think about, five stocks, including a couple 4 00:00:14,250 --> 00:00:17,129 Sean Aylmer: of household names, a couple of surprises that might be 5 00:00:17,129 --> 00:00:20,790 Sean Aylmer: worth a look. Remember, this is general information only and 6 00:00:20,790 --> 00:00:24,389 Sean Aylmer: you should seek professional advice before making investment decisions. Grady 7 00:00:24,390 --> 00:00:27,900 Sean Aylmer: Wulff is a market analyst at trading platform, Bell Direct, 8 00:00:27,900 --> 00:00:30,750 Sean Aylmer: part of the ASX listed Bell Financial Group. Grady, welcome 9 00:00:30,750 --> 00:00:31,590 Sean Aylmer: back to Fear & Greed. 10 00:00:31,860 --> 00:00:32,880 Grady Wulff: Thanks for having me, Sean. 11 00:00:33,240 --> 00:00:35,940 Sean Aylmer: Right- o. Five stocks to go. So I'm going to start with one, which 12 00:00:35,940 --> 00:00:38,790 Sean Aylmer: I know nothing about. The five you've sent through, four 13 00:00:38,790 --> 00:00:40,470 Sean Aylmer: of the five, I kind of know a fair bit 14 00:00:40,470 --> 00:00:43,321 Sean Aylmer: about one. I know nothing about, DroneShield. Tell me about it. 15 00:00:43,321 --> 00:00:46,679 Grady Wulff: DroneShield is an exciting one, more given around the world we 16 00:00:46,679 --> 00:00:51,120 Grady Wulff: have rising geopolitical tensions, which includes war and escalating war 17 00:00:51,120 --> 00:00:54,779 Grady Wulff: between different countries, which is obviously devastating. But DroneShield is a company 18 00:00:54,780 --> 00:00:57,420 Grady Wulff: that's come onto our radar over the last few years 19 00:00:57,540 --> 00:00:59,700 Grady Wulff: because of what they're doing in the drone and anti- 20 00:00:59,700 --> 00:01:02,670 Grady Wulff: drone space. So they're not actually there to help with 21 00:01:02,670 --> 00:01:04,830 Grady Wulff: terrorism or anything or help with any of the wars. 22 00:01:04,830 --> 00:01:08,099 Grady Wulff: They're actually there to take down the threats of autonomous 23 00:01:08,099 --> 00:01:12,059 Grady Wulff: vehicles like drones and different autonomous weapons that countries are 24 00:01:12,059 --> 00:01:14,610 Grady Wulff: using these days in the wars. So it's actually a 25 00:01:14,610 --> 00:01:18,480 Grady Wulff: safety technology platform and they've got both software and hardware 26 00:01:18,480 --> 00:01:21,659 Grady Wulff: and it's a really, really exciting company emerging in this space. 27 00:01:21,990 --> 00:01:24,330 Grady Wulff: Now they've really come to our forefront because they have 28 00:01:24,330 --> 00:01:27,030 Grady Wulff: a pipeline of sales and a lot of contracts with 29 00:01:27,030 --> 00:01:30,208 Grady Wulff: different government departments that's really putting them on the up 30 00:01:30,209 --> 00:01:32,670 Grady Wulff: and a really long growth runway for a company like 31 00:01:32,670 --> 00:01:35,700 Grady Wulff: this with revenue. There's not many competitors in this space, 32 00:01:35,700 --> 00:01:37,980 Grady Wulff: which we like to see, obviously with such a niche 33 00:01:37,980 --> 00:01:41,459 Grady Wulff: product. But countries around the world are definitely increasing their 34 00:01:41,459 --> 00:01:45,328 Grady Wulff: spend on the defense front, and DroneShield has really capitalized 35 00:01:45,330 --> 00:01:49,410 Grady Wulff: on that. So they have about $ 510 million in sales pipeline 36 00:01:49,410 --> 00:01:53,070 Grady Wulff: over the next few years with 388 of that in CY 24. 37 00:01:53,070 --> 00:01:56,429 Grady Wulff: So that's a very strong result for a company that 38 00:01:56,429 --> 00:01:59,790 Grady Wulff: is out there in the defense space. And what we 39 00:01:59,790 --> 00:02:02,130 Grady Wulff: also like is the fact that the company is now profitable. 40 00:02:02,130 --> 00:02:04,619 Grady Wulff: So this is their first year of profitability. So with 41 00:02:04,619 --> 00:02:07,379 Grady Wulff: a company that ... Any company, especially in the tech space, 42 00:02:07,380 --> 00:02:10,889 Grady Wulff: you want to know they're profitable. It's exactly what DroneShield has achieved this year. 43 00:02:10,889 --> 00:02:13,020 Grady Wulff: So we have a buy rating on that with a 12- 44 00:02:13,020 --> 00:02:15,630 Grady Wulff: month price target of 90 cents per share. 45 00:02:15,929 --> 00:02:18,179 Sean Aylmer: Okay, so once you started talking, I thought, actually I 46 00:02:18,179 --> 00:02:20,519 Sean Aylmer: do know this company. I'm trying to remember. Is it 47 00:02:20,519 --> 00:02:23,159 Sean Aylmer: a US company? And I know it's listed here. 48 00:02:23,609 --> 00:02:27,510 Grady Wulff: I think it was founded in the US in 2014 or 49 00:02:27,510 --> 00:02:31,650 Grady Wulff: '17. And their CEO, Oleg Vornik, I interviewed him a little 50 00:02:31,650 --> 00:02:33,960 Grady Wulff: while ago, and he's an awesome guy and he's just 51 00:02:33,960 --> 00:02:36,990 Grady Wulff: so passionate about what he does and the constant need 52 00:02:36,990 --> 00:02:40,350 Grady Wulff: to keep updating technology so they can respond and take 53 00:02:40,350 --> 00:02:43,050 Grady Wulff: down these threats of autonomous defense mechanisms. 54 00:02:43,050 --> 00:02:45,002 Sean Aylmer: Yeah, we've had Oleg on the show ourselves. That's (inaudible) . 55 00:02:45,120 --> 00:02:45,180 Grady Wulff: Yeah. He's awesome. 56 00:02:46,980 --> 00:02:49,770 Sean Aylmer: He's a real enthusiast. The next stock I want to 57 00:02:49,770 --> 00:02:51,539 Sean Aylmer: look at is one that I use because I have 58 00:02:51,540 --> 00:02:54,000 Sean Aylmer: teenage children: Life360. 59 00:02:54,360 --> 00:02:57,929 Grady Wulff: Yes. Life360 has been on my radar for a very 60 00:02:57,929 --> 00:03:00,900 Grady Wulff: long time, and it's one that's quite contentious in the 61 00:03:00,900 --> 00:03:03,360 Grady Wulff: market because it hasn't made profit just yet over a 62 00:03:03,360 --> 00:03:06,450 Grady Wulff: full year. But we're so excited to see how much 63 00:03:06,450 --> 00:03:09,089 Grady Wulff: the company has grown over the last few years. So 64 00:03:09,360 --> 00:03:12,030 Grady Wulff: a company in the tech sector, especially offering a service 65 00:03:12,030 --> 00:03:15,599 Grady Wulff: for free as this company, as Life360 did initially, it's 66 00:03:15,599 --> 00:03:18,690 Grady Wulff: really hard to implement prices and to convince the market 67 00:03:18,690 --> 00:03:21,930 Grady Wulff: that you're worthy of their money, but they successfully did 68 00:03:21,930 --> 00:03:24,930 Grady Wulff: this and not only implemented prices, but raised prices in 69 00:03:24,930 --> 00:03:28,200 Grady Wulff: 2023. And what that goes to show is that everyone 70 00:03:28,200 --> 00:03:31,409 Grady Wulff: around the world loves their product and their recent market 71 00:03:31,410 --> 00:03:36,359 Grady Wulff: update included global monthly active users increasing 4.9 million to 66. 72 00:03:36,360 --> 00:03:36,571 Grady Wulff: 4 million people. 73 00:03:36,571 --> 00:03:37,081 Sean Aylmer: Wow. 74 00:03:37,680 --> 00:03:40,740 Grady Wulff: So everyone around the world is using Life360. I know 75 00:03:40,740 --> 00:03:42,240 Grady Wulff: a lot of people at my work do, and I 76 00:03:42,240 --> 00:03:44,910 Grady Wulff: know you do as well. So tracking your kids has 77 00:03:44,910 --> 00:03:49,001 Grady Wulff: never been easier. But also they have the physical, the (inaudible) 78 00:03:49,001 --> 00:03:51,509 Grady Wulff: , which is their hardware part of the company. It's 79 00:03:51,509 --> 00:03:54,449 Grady Wulff: a competitor to Apple's AirTag. So this just goes to 80 00:03:54,480 --> 00:03:57,330 Grady Wulff: show that they're really making their mark in the geolocation space. 81 00:03:57,600 --> 00:04:00,120 Grady Wulff: They have had, I think it's three consecutive quarters of 82 00:04:00,120 --> 00:04:03,480 Grady Wulff: profitability. So with that in mind, we're definitely very bullish 83 00:04:03,480 --> 00:04:06,809 Grady Wulff: on Life360 and their paying circles as well has increased 84 00:04:06,809 --> 00:04:11,520 Grady Wulff: 96,000 to 1.9 million in the most recent trading update. So what 85 00:04:11,520 --> 00:04:13,740 Grady Wulff: that says to us is that their people are more 86 00:04:13,740 --> 00:04:16,020 Grady Wulff: willing to pay for their product. So with a tech 87 00:04:16,020 --> 00:04:20,460 Grady Wulff: company that's verging on profitability for a year, we're so excited. 88 00:04:22,020 --> 00:04:24,629 Sean Aylmer: What should I be paying for with Life360? So all 89 00:04:24,629 --> 00:04:26,700 Sean Aylmer: I do with Life360 is just check out where my 90 00:04:26,700 --> 00:04:28,890 Sean Aylmer: kids are. Where's the revenue stream in it? 91 00:04:29,100 --> 00:04:31,469 Grady Wulff: The subscription model. So there's different tiers that you can 92 00:04:31,470 --> 00:04:34,440 Grady Wulff: access. You can access different features through their model, you 93 00:04:34,440 --> 00:04:38,010 Grady Wulff: can talk to people, there's different incentives to get you 94 00:04:38,010 --> 00:04:40,110 Grady Wulff: into the subscription model. So I know a lot of 95 00:04:40,110 --> 00:04:42,990 Grady Wulff: people are really liking it. And obviously with growing global 96 00:04:42,990 --> 00:04:46,559 Grady Wulff: monthly active users and growing paying circles, it goes to 97 00:04:46,559 --> 00:04:48,988 Grady Wulff: show that everyone is welcoming of the prices they have 98 00:04:48,990 --> 00:04:49,440 Grady Wulff: to pay. 99 00:04:50,010 --> 00:04:51,750 Sean Aylmer: Stay with me Grady. We'll be back in a minute. 100 00:04:59,010 --> 00:05:02,339 Sean Aylmer: I'm speaking to Grady Wulff, market analyst at Bell Direct. 101 00:05:03,389 --> 00:05:06,779 Sean Aylmer: Paladin Energy, that's the next one. A uranium play, always 102 00:05:06,779 --> 00:05:09,030 Sean Aylmer: going to be controversial. Why do you like that one? 103 00:05:09,240 --> 00:05:12,210 Grady Wulff: Yeah, it is a controversial one, but it's one that's 104 00:05:12,210 --> 00:05:14,339 Grady Wulff: really come onto our radar, especially in the last year. 105 00:05:14,339 --> 00:05:16,678 Grady Wulff: And we covered two uranium stocks, so Boss Energy and 106 00:05:16,678 --> 00:05:20,639 Grady Wulff: Paladin Energy, and we really like them because again, this 107 00:05:20,639 --> 00:05:23,399 Grady Wulff: global push to the green energy transition cannot be done 108 00:05:23,400 --> 00:05:25,890 Grady Wulff: without uranium. And I know there's a lot of controversy 109 00:05:25,890 --> 00:05:30,089 Grady Wulff: around nuclear power. It needs uranium. And even countries like 110 00:05:30,089 --> 00:05:32,580 Grady Wulff: Japan, which is where the Fukushima incident happened, which was 111 00:05:32,580 --> 00:05:35,759 Grady Wulff: devastating, they're turning their nuclear power plants back on because 112 00:05:35,759 --> 00:05:38,219 Grady Wulff: we need this nuclear power as part of an energy 113 00:05:38,219 --> 00:05:41,070 Grady Wulff: source and power source moving forward. And the green energy 114 00:05:41,070 --> 00:05:44,400 Grady Wulff: transition can't happen without uranium. So with that in mind, 115 00:05:44,400 --> 00:05:46,529 Grady Wulff: we have Paladin Energy with a buy rating at the 116 00:05:46,529 --> 00:05:49,289 Grady Wulff: moment and a price target of $ 1. 65 for the 117 00:05:49,290 --> 00:05:52,139 Grady Wulff: next 12 months. And the company has just this week 118 00:05:52,139 --> 00:05:56,070 Grady Wulff: announced their first production of uranium drums at the Langer 119 00:05:56,070 --> 00:05:58,859 Grady Wulff: Heinrich Mine in Namibia. Now, the thing about this mine, 120 00:05:58,859 --> 00:06:01,170 Grady Wulff: it's a proven operation. It was just put on mothballs 121 00:06:01,170 --> 00:06:04,080 Grady Wulff: since 2018 because the price of uranium went so low. 122 00:06:04,560 --> 00:06:06,719 Grady Wulff: And so what that says to us is that it 123 00:06:07,230 --> 00:06:09,240 Grady Wulff: has a track record of producing, it's able to be 124 00:06:09,240 --> 00:06:12,299 Grady Wulff: produced, they have the restart operation, it's up and running 125 00:06:12,300 --> 00:06:14,940 Grady Wulff: now. We've got production, which means a good streamline to 126 00:06:14,940 --> 00:06:17,279 Grady Wulff: cash flow, and we've got clear cash flow view coming 127 00:06:17,279 --> 00:06:20,279 Grady Wulff: through. And so once a company, and mining company especially, 128 00:06:20,279 --> 00:06:23,880 Grady Wulff: is back making money, investors are very welcoming of this. 129 00:06:23,880 --> 00:06:26,400 Grady Wulff: And so what we also like is more recently, the 130 00:06:26,400 --> 00:06:30,600 Grady Wulff: company has been progressing through recapitalization, paying down its debt 131 00:06:30,870 --> 00:06:33,750 Grady Wulff: and balance sheet and to stabilize its balance sheet under 132 00:06:33,750 --> 00:06:36,870 Grady Wulff: a new CEO, which is Ian Purdy. So we are really, 133 00:06:36,870 --> 00:06:39,750 Grady Wulff: really bullish on this company. The outlook is strong, it's 134 00:06:39,750 --> 00:06:41,849 Grady Wulff: in the right place at the right time, uranium is 135 00:06:41,850 --> 00:06:44,580 Grady Wulff: soaring right now. I think it's up 88% or something 136 00:06:44,580 --> 00:06:47,010 Grady Wulff: over the last year in price. And so that just 137 00:06:47,010 --> 00:06:49,289 Grady Wulff: goes to show that uranium really is the commodity of 138 00:06:49,290 --> 00:06:52,258 Grady Wulff: the moment and puts companies like Boss and Paladin on 139 00:06:52,260 --> 00:06:53,940 Grady Wulff: a really, really positive scale for investors. 140 00:06:53,941 --> 00:06:58,229 Sean Aylmer: Okay, Woolies, we all know Woolies. Been in the limelight 141 00:06:58,230 --> 00:07:01,200 Sean Aylmer: a fair bit too, and the grocery inquiry started last 142 00:07:01,200 --> 00:07:03,540 Sean Aylmer: week, continuing this week, we're expecting to hear from the 143 00:07:03,540 --> 00:07:06,779 Sean Aylmer: bosses of Woolies and Coles this week. I actually feel 144 00:07:06,779 --> 00:07:08,001 Sean Aylmer: sorry for the retailers personally because (inaudible) . 145 00:07:08,279 --> 00:07:10,050 Grady Wulff: So do I. 146 00:07:10,050 --> 00:07:11,999 Sean Aylmer: Great, right, there you go. Grady, we're on the same page here. 147 00:07:12,000 --> 00:07:14,370 Sean Aylmer: Why do you like Woolies as an investment? 148 00:07:14,730 --> 00:07:17,580 Grady Wulff: See, I love Woolies. I had to actually do a case study on 149 00:07:17,580 --> 00:07:20,730 Grady Wulff: it for a university course in my post- grad just 150 00:07:20,730 --> 00:07:24,179 Grady Wulff: last year and Woolies actually, it's really interesting to see 151 00:07:24,179 --> 00:07:26,730 Grady Wulff: that ACCC is going after Woolies and Coles for price 152 00:07:26,730 --> 00:07:30,059 Grady Wulff: gouging. But because Woolies' profit margin has actually come down 153 00:07:30,059 --> 00:07:31,890 Grady Wulff: in the last year, so I'm not sure how they 154 00:07:31,890 --> 00:07:34,290 Grady Wulff: can claim that they're price gouging where their profit margin 155 00:07:34,290 --> 00:07:36,150 Grady Wulff: is coming down. So they're not shooting the lights out 156 00:07:36,150 --> 00:07:39,210 Grady Wulff: of prices, they're literally just trying to make profit. And 157 00:07:39,210 --> 00:07:41,490 Grady Wulff: that's what every company does, and investors are very welcoming 158 00:07:41,490 --> 00:07:43,980 Grady Wulff: of that. So naturally, with the news and noise, the 159 00:07:43,980 --> 00:07:46,379 Grady Wulff: share price has come under pressure recently. So it's down 160 00:07:46,379 --> 00:07:49,440 Grady Wulff: 15% over the last year. But that's truly a buy- 161 00:07:49,440 --> 00:07:51,900 Grady Wulff: in opportunity, and a lot of the brokers agree, a 162 00:07:51,900 --> 00:07:54,030 Grady Wulff: lot of brokers have slapped a buy rating on Woolworths 163 00:07:54,030 --> 00:07:58,079 Grady Wulff: because the company is Australia's biggest and leading supermarket giant. 164 00:07:58,080 --> 00:08:01,770 Grady Wulff: It has 38% of the market share, and Coles is 165 00:08:01,920 --> 00:08:05,279 Grady Wulff: behind that. So it goes to show everyone trusts Woolies 166 00:08:05,309 --> 00:08:07,590 Grady Wulff: and Woolies is the number one in Australia. There's no 167 00:08:07,590 --> 00:08:11,130 Grady Wulff: denying that. They've also got really good sales results, they've 168 00:08:11,130 --> 00:08:14,340 Grady Wulff: got a really conservative debt level and they really tick 169 00:08:14,340 --> 00:08:16,828 Grady Wulff: my boxes personally on an ESG front. And I know 170 00:08:16,860 --> 00:08:19,439 Grady Wulff: ESG is quite a controversial thing to talk about because 171 00:08:19,650 --> 00:08:22,289 Grady Wulff: there's no regulations, there's no rules, there's no guidelines, you 172 00:08:22,289 --> 00:08:24,419 Grady Wulff: don't have to do it. But Woolworths have taken the 173 00:08:24,450 --> 00:08:27,300 Grady Wulff: initiative to not only take their whole fleet of petrol 174 00:08:27,300 --> 00:08:30,930 Grady Wulff: vans to EV battery vans, they've got a mini Woolies 175 00:08:30,930 --> 00:08:34,259 Grady Wulff: program which employs disabled people to get them into the 176 00:08:34,260 --> 00:08:38,130 Grady Wulff: Woolworths employment system. They have a lot of different initiatives 177 00:08:38,130 --> 00:08:40,049 Grady Wulff: out there, and I really, really like the fact that 178 00:08:40,049 --> 00:08:43,138 Grady Wulff: they are all about ESG. And I really also, and 179 00:08:43,139 --> 00:08:45,720 Grady Wulff: investors welcome the fact that they de- merged their alcohol 180 00:08:45,720 --> 00:08:48,929 Grady Wulff: and tobacco assets through the de- merger of Endeavour. And 181 00:08:48,929 --> 00:08:52,588 Grady Wulff: that's really proven positive and really put Woolworths on the 182 00:08:52,590 --> 00:08:56,159 Grady Wulff: forefront of different fund manager's minds because who previously wouldn't 183 00:08:56,160 --> 00:08:58,409 Grady Wulff: look at Woolies because they had an association to alcohol 184 00:08:58,410 --> 00:09:01,559 Grady Wulff: and tobacco. So all in all, for me, I love 185 00:09:01,559 --> 00:09:04,110 Grady Wulff: the company. They've done such a good thing recently and 186 00:09:04,110 --> 00:09:07,559 Grady Wulff: they've also just expanded into pet retail. Not sure about 187 00:09:07,559 --> 00:09:09,510 Grady Wulff: you, but a lot of my friends got pets during 188 00:09:09,510 --> 00:09:12,659 Grady Wulff: COVID and they spend so much money on pet retail 189 00:09:12,780 --> 00:09:15,299 Grady Wulff: and the margins in pet retail are huge. So that's 190 00:09:15,299 --> 00:09:18,929 Grady Wulff: a really strategic and really successful expansion for Woolworths. 191 00:09:19,290 --> 00:09:22,080 Sean Aylmer: Talking about pets kind of, not really, Inghams, chickens. 192 00:09:22,410 --> 00:09:22,679 Grady Wulff: Chicken. 193 00:09:23,400 --> 00:09:25,740 Sean Aylmer: It's probably fair to say they, they're certainly not pets 194 00:09:25,740 --> 00:09:27,328 Sean Aylmer: at Inghams. Tell me about Inghams though. 195 00:09:27,719 --> 00:09:29,670 Grady Wulff: Well, my sister has pet chickens, so they could be 196 00:09:29,670 --> 00:09:32,730 Grady Wulff: pets. Inghams Chicken is ... We've got a buy rating on 197 00:09:32,730 --> 00:09:37,319 Grady Wulff: Inghams Chicken recently and a price target of $4. 35 simply because 198 00:09:37,320 --> 00:09:39,390 Grady Wulff: of a few drivers and a few tailwinds we see 199 00:09:39,390 --> 00:09:43,350 Grady Wulff: emerging in this industry. Now, obviously Inghams is Australia's largest 200 00:09:43,350 --> 00:09:46,499 Grady Wulff: poultry producer. They have contracts with the biggest supermarkets like 201 00:09:46,500 --> 00:09:48,989 Grady Wulff: Coles and Woolies, and I'm sure any chicken you eat 202 00:09:49,049 --> 00:09:51,270 Grady Wulff: is mostly going to be an Inghams chicken. And they 203 00:09:51,270 --> 00:09:53,969 Grady Wulff: obviously sell their eggs as well. So the company's done 204 00:09:53,969 --> 00:09:57,270 Grady Wulff: really well. Obviously it's kind of like an agricultural business 205 00:09:57,270 --> 00:09:59,400 Grady Wulff: where you do have to go through the cycles of 206 00:09:59,460 --> 00:10:03,120 Grady Wulff: inflation with feed prices. But we're actually seeing feed prices 207 00:10:03,120 --> 00:10:05,789 Grady Wulff: have come down over the last year and we're expecting them 208 00:10:05,790 --> 00:10:08,820 Grady Wulff: to stay down over the coming years. Now Inghams have 209 00:10:08,820 --> 00:10:12,269 Grady Wulff: a forward purchasing agreement, so they're locking their purchasing agreements 210 00:10:12,270 --> 00:10:14,730 Grady Wulff: and they locked them in quite a high price recently 211 00:10:15,809 --> 00:10:18,059 Grady Wulff: with the idea in mind that their cost would be 212 00:10:18,059 --> 00:10:20,550 Grady Wulff: high. They're actually coming down so that it really makes 213 00:10:20,550 --> 00:10:22,980 Grady Wulff: way for profit margin to come through. So we really 214 00:10:22,980 --> 00:10:26,400 Grady Wulff: like that. We also see that their price of chickens are 215 00:10:26,400 --> 00:10:28,650 Grady Wulff: going up and the volumes that they're producing are going 216 00:10:28,650 --> 00:10:31,530 Grady Wulff: up. And it's really interesting with chicken because last year 217 00:10:31,530 --> 00:10:34,290 Grady Wulff: we had a whole rating on Inghams because beef and 218 00:10:34,290 --> 00:10:37,320 Grady Wulff: lamb prices came down, but chicken prices went up, and 219 00:10:37,320 --> 00:10:41,190 Grady Wulff: so demand naturally shifted to beef and lamb. But now 220 00:10:41,190 --> 00:10:43,740 Grady Wulff: we're seeing chicken prices moderate a bit more, and so 221 00:10:43,740 --> 00:10:46,770 Grady Wulff: people are turning back to chicken. So it's a really 222 00:10:46,770 --> 00:10:49,590 Grady Wulff: interesting seesaw there, but I'm not sure why it happens. 223 00:10:49,590 --> 00:10:51,750 Grady Wulff: But I think everyone with the high cost of living 224 00:10:51,750 --> 00:10:53,730 Grady Wulff: pressures we have at the moment, they're looking for the 225 00:10:53,730 --> 00:10:57,088 Grady Wulff: best alternative and any alternative for protein. So chicken is 226 00:10:57,090 --> 00:10:58,049 Grady Wulff: the word right now. 227 00:10:58,139 --> 00:11:01,139 Sean Aylmer: Chicken's the way to go. Grady, that's fantastic. Of course, 228 00:11:01,139 --> 00:11:04,980 Sean Aylmer: you've given us five stocks here that you like, DroneShield, Life360, 229 00:11:04,980 --> 00:11:08,220 Sean Aylmer: Paladin Energy, Woolies and Inghams. But of course, if you 230 00:11:08,220 --> 00:11:10,140 Sean Aylmer: are listening and you're going to invest, you need to 231 00:11:10,140 --> 00:11:13,080 Sean Aylmer: go to a professional advisor to suit your own circumstances. 232 00:11:13,110 --> 00:11:15,059 Sean Aylmer: And Grady, I'm sure you agreed there is no such 233 00:11:15,059 --> 00:11:16,380 Sean Aylmer: thing as a sure thing in investing. 234 00:11:16,410 --> 00:11:17,040 Grady Wulff: Absolutely not. 235 00:11:17,040 --> 00:11:19,379 Sean Aylmer: So kind of looks at the pluses and minuses, but 236 00:11:19,380 --> 00:11:20,760 Sean Aylmer: thank you for talking to Fear & Greed. 237 00:11:21,150 --> 00:11:22,410 Grady Wulff: Thanks for having me on the show. 238 00:11:22,830 --> 00:11:25,708 Sean Aylmer: That was Bell Direct market analyst, Grady Wulff. This is 239 00:11:25,710 --> 00:11:29,010 Sean Aylmer: the Fear & Greed Business Interview. Join us every morning for 240 00:11:29,010 --> 00:11:32,130 Sean Aylmer: the full episode of Fear & Greed, Australia's best business podcast. 241 00:11:32,190 --> 00:11:33,900 Sean Aylmer: I'm Sean Aylmer. Enjoy your day.