The recent nervousness created by the United Kingdom's referendum caused some investors to re-live memories of the global financial crisis.
While the rally over the past two days on global markets would appear to suggest that investors have moved on from their worries over a 'Brexit' induced crisis, the volatility should act as a reminder of the benefits of owning high-quality stocks as opposed to risky, speculative, and overpriced shares.
For investors wondering what a rock-solid company looks like. Here are three shares, that in my opinion, deserve the "quality" mantle.
Brambles Limited (ASX: BXB) provides global logistics via its pallet, container and crate pooling services primarily in over 50 countries. With a diverse customer base skewed towards the fast moving consumer goods (FMCG) sector, Brambles is a core stock for many defensive portfolios. It also has significant recurring revenues.
Pact Group Holdings Ltd (ASX: PGH) is a manufacturer of packaging products throughout Australia, New Zealand and Asia. While investors may not be familiar with Pact, they will perhaps know the group's larger packaging industry peers Amcor Limited (ASX: AMC) and its spin-off Orora Ltd (ASX: ORA). Like Brambles, Pact's primary customer base is diverse and skewed towards the FMCG sector.
Ansell Limited (ASX: ANN) operates in the FMCG sector as a manufacturer of health and safety products, primarily condoms and gloves. Despite already being a leader in its chosen markets there would appear to be a pipeline for Ansell to grow through acquisitions or organically via new products.
