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Danger Will Robinson: Don’t buy these shares!

There was a time — or at least I like to think there was — when the public relations spinners were kept away from ASX-listed companies when it came to shareholder communications.

You’re probably right — I’m likely dreaming.

They’re everywhere, and we’re collectively poorer for it. There are some good spinners, but many go too far… even as far as the company itself. Let me, with tongue somewhat in cheek, count the ways:

Adding ‘International’ to your name

If you’re truly international, you don’t have to tell people. If you feel the need to tell people, you might be trying a little too hard. Step forward Cash Converters International Ltd (ASX:CCV) — which I own, unfortunately — and Catapult Group International Ltd (ASX:CAT).

Putting a number in your ASX code

Yes, yes, you’re cool. And funky. And possibly hip. But spare me from companies that put numbers in their tickers. 1-Page Ltd (ASX:1PG), Shark Mitigation Systems Ltd (ASX:SM8), Crowd Mobile Ltd (ASX:CM8), I’m looking at you.

Of course there are exceptions to the rule. But invest carefully. You might even consider boring, staid — but profitable — dividend shares!

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of February 15th 2021

Motley Fool contributor Scott Phillips (TMFGilla) owns shares in Cash Converters International Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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