Key Points Play on China with high probability of success due to multiple ways to grow. Established market leader with somewhat of a moat that I believe can be a compounder Trades at a significant discount to comparables with capable management that is focused on growing the firm at high single digits while increasing operating profit at double digits. Management plan is … [Read more...]
Company Analysis
Here you can find analysis of specific companies and their stocks.
The Only Bank Stock I Own
Sberbank is punished due to its location despite a forward-looking, shareholder-friendly management, strong financial performance, growth prospects, and cheap valuation. Key Points Leading financial institution in Russia and one of the largest in the world trading at a discount to model and at a sub 10x P/E. Shareholder friendly management with high dividend payout, frequent … [Read more...]
Getting Comfy with this 2x P/E stock…
1x EV/EBITDA and 2x P/E (ex-cash) is a valuation you would expect to see of a company with serious problems. But what if I told you this company has grown sales and profits in each year for the last 3 years in a row? Current dividend yield is around 7.5% which is a level you would expect of a company whose dividend is at risk. But what if I told you that free … [Read more...]
Mining for returns!
I decided to add a high dividend yielding stock to my portfolio. The stock I found and am sharing with you today is Alliance Resources Partners (ARLP) which I own from around $19. It pays an annual dividend of $2.14 (Q1 annualized) or 11%. So what’s the catch? Poor growth? Poor margins? Actually, no! The firm has had 4 consecutive … [Read more...]
Will you let this stock fly away?
A recent addition to my portfolio at a price of around $35 is Air Lease (AL), and to be honest it almost looks too good to be true. The company has grown sales and EPS at double digit rates with an ROE in the teens while trading at a P/E of under 10x and at a discount to book value! And not only is growth expected to continue but the company is also run by possibly … [Read more...]
Hidden Asset Creates Potentially Huge Opportunity
A recent addition to my portfolio was the Daily Journal (DJCO). My friend and hedge fund manager, Matthew Peterson, presented the idea at VALUEx 2019. He is not only a great guy but an out of the box thinker who is always a pleasure to speak to. If you read the description of DJCO or look at the recent accounts and valuation ratios you are likely to … [Read more...]
VALUEx Presentation: McKesson & Abercrombie
At the end of January, I flew to Switzerland to attend Guy Spier's private event. The event took place in the village of Klosters (Davos region) in Switzerland and the beautiful snow-covered scenery was a delight. As I live in Cyprus, I rarely see any snow. The event has many similarities to the Cyprus Value Investor Conference that I organize and hence I enjoyed it … [Read more...]
