In the previous post, I wrote about the leading delivery company in Bulgaria and hinted about its acquisition plans. Now – the promised follow-up. Acquisition This March, Speedy (0SP:BU) entered a preliminary agreement to acquire the businesses of Dynamic…
Company Founded in 1998 in Plovdiv, Speedy (0SP:BU) is a Bulgarian package delivery company. In a little over a decade, it became the largest private package delivery company and the second largest postal service provider after the ex-monopoly Bulgarian Post….
…great success combines skill with a lot of luck. You can’t get there by relying on either skill or luck alone. You need both. – Michael Mauboussin, The Success Equation Since my notes on The Outsiders: Eight Unconventional CEOs and…
Earlier this week, John (@portfolio14) reminded me of the first company write-up on this blog, CTC Media (CTCM) – a Russian TV broadcaster. All the negative news from Russia are attracting more and more value investors’ attention. While US stocks…
I haven’t done book reviews on this blog and this is not one either. However, I finally read The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success and I would like to share my short notes here….
Weight Watchers (WTW) has attracted a lot of attention in the past 6 months. Here is why: The stock price has declined from the $45 range to the $37 range, to $30, to $20. And, if you look further back,…
Unscheduled maintenance: Apologies to those of you who tried to access StudentOfValue.com in the past week and failed. Last Friday, there was some unscheduled downtime due to issues with Amazon’s cloud, where this blog was hosted. Coupled with other issues…
“I find value investing to be a stimulating, intellectually challenging, ever changing, and financially rewarding discipline.” – Seth Klarman I made my first investment on March 19, 2009 – 200 WFC common shares @$16.73. Having read the Intelligent Investor and…
In my last post, I decided to implement Value and Opportunity’s idea of tracking stocks that I have sold or passed on as a great way of calibrating my investment process. Here are the results. It has been a little…
Recently, I read a post at the wholesome Value and Opportunity blog titled Sold, Rejected but not Forgotten. The author takes a look at what he calls second and third level mistakes, i.e., stocks that outperform after you sold and…