VIB Premium: Company 4

Preview: Company 4 is a palm oil company trading at a large discount to the land values as presented in a recently announced offer for another plantation company and to another recent comparable transaction. The company looks pretty cheap from an earnings and cash flow perspective as well. I’m not going to disclose where this […]

VIB Premium: Company 3

Preview: Company 3 is an Australian microcap trading at a single digit multiple of free cash flow and normalized earnings. Business conditions have been somewhat subdued and this has led to a market valuation that I see as attractive currently. Insider ownership is substantial and capital allocation by management has been intelligent. Article type: Portfolio […]

Stelios Kanakis reports 2016 results, P/E: 8.8x

Stelios Kanakis (KANAK.AT), a Greek distributor of raw materials for confectionery, bakery and ice cream products, has reported results for 2016 yesterday. Stelios Kanakis is the exclusive distributor in Greece for a number of high quality brands, like Fabbri 1905. It also offers demonstrations and training for bakery professionals for using these products from its […]

Introducing ValueInvestingBlog Premium

As some of you know, I’ve been working for some time now to introduce a premium section on this website (“Premium” is a euphemism for paywall). There are a few reasons for making this decision. In short, it comes down to my incentives for writing on this site, and the increasing number of paid investment […]

VIB Premium: Company 2

Preview: Company 2 is a US-listed microcap bank that trades over the counter (OTC). An investor with some history of activism has taken a significant stake in this bank. This investor is not one of the very well-known activists like Stilwell and he has not made his intentions known yet. I expect the activist to […]