23 Sept 2011
MITIE - A Very Impressive Company For a Fair Price
Warren Buffett has a name for companies that are virtually certain to grow consistently for decades into the future. He calls them The Inevitables. Now, I certainly don’t think I have the skills to spot these uber-rare companies, nor do I think I need to. But occasionally I bump into a company whose financial results do a fantastic impression of one.
20 Sept 2011
5 Ways to Measure Debt
To most value investors, debt is one of the first things
they look at when analysing a company.
Since value investing, almost by definition, involves buying unpopular
stocks, there is often some kind of bad news surrounding the company which will
only be made worse by high levels of debt.
16 Sept 2011
Why A Falling Share Price Is Often A Good Thing
One of my favourite value investing sites is The Value Perspective which is the web outlet for some of the (value) fund managers over at Schroders. In their latest piece, Andrew Lyddon talks about how the telecoms sector is not exactly a hot favourite. Despite the sectors deserved reputation as a defensive play, share prices often fallen and lagged far behind the wider market and even other defensive sectors.
12 Sept 2011
More Mega-Cap Value with BHP Billiton
A lot of value investors talk about how you have to look for the unloved, the obscure, the boring and the small. That’s fine if you want to invest in those sorts of companies but personally, I sleep better when I'm invested in big, well known, highly profitable businesses and fortunately these can be value investments too.
5 Sept 2011
Tullett Prebon - Terry Smith joins the portfolio
Tullett Prebon is an inter-dealer broker, which basically means
they act as a middleman between commercial and investment banks and other
parties. If somebody wants to trade in treasury
products, interest rate derivatives and fixed income, they go to Tullett Prebon.
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