What's in the Latest Issue?
Value First
Redwheel’s Ian Lance, Nick Purves and Shaul Rosten describe why they take a low-valuation-first approach to sourcing new ideas, the industries they think investors today are unduly neglecting, why they don't shy away from cyclicality, and what they think the market is missing in Standard Chartered, Delta Air Lines, Lufthansa, Marks & Spencer and ITV.
Treasure Hunt
Jeff O’Donohue of Starfort Capital explains how he tries to differentiate his sourcing of ideas, the types of “niche and unglamorous” businesses that attract him, which countries he believes are offering up “outlier” low valuations, and why he sees mispriced value in Hanyang ENG, Nice Information & Telecommunication, Starts Corp. and AGF Management.
Uncovering Value: Worthington Steel
Going beyond first impressions to uncover unrecognized upside in this unglamorous spinoff.
Uncovering Value: PayPal
Looking to profit when the market's perception seems notably at odds with underlying reality.
Editor's Letter
Finding commonality between investing and king-crab fishing in Alaska's Bering Sea.
Investment Highlights
PayPal, Worthington Steel, AGF Management, Delta Air Lines, Hanyang ENG, ITV, Lufthansa, Marks & Spencer, Nice Information & Telecommunication, Standard Chartered, Starts Corp.
Other Companies in this Issue:
Amuse, Barclays, British American Tobacco, Direct Line Insurance, Ferreycorp, Korea Ratings, NatWest, Stellantis, STIC Investments