MICHEL PIREU: Net-net investment strategy can yield excess returns
In the local market, companies like Balwin, Bell Equipment, EMD, ELB, Ellies, Lewis and Primeserv meet the net-net criteria
16 July 2019 - 05:07
As Charlie Munger explains: “Graham had this concept of value to a private owner: what the whole enterprise would sell for if it were available. And that was calculable in many cases.
“Then, if you could take the stock price and multiply it by the number of shares and get something that was one-third or less of sellout value, he would say that you have got a lot of edge going for you...
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