Pick of the Month: Hudaco and the wealth of nations
If he were alive today, Adam Smith might snap up shares in this industrial supplies company
30 March 2023 - 08:00
IM is delving into opportunities in the South African manufacturing and distribution sector in Pick of the Month.
It is an interesting space to search for share value — a country’s ability to trade globally is a good place to start for a top-down approach. Adam Smith believed trade was the foundation of the wealth of nations, and trade is largely a matter of selling what you make, or buying what you need to enable manufacture. ..
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