Performance Review of Student of Value Write-Ups
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…
OPAP 2013-2022
Last Friday, OPAP held a conference call and published management’s expectations for the coming 10 years. For those who follow the company closely this is old news. The rest may find it interesting. The Big Picture This graph gives you…
A Greek Drama
How Much Would You Pay for This Company? Over the past ten years, it has generated roughly €500m annually for its shareholders. This amount is matched by free cash flow (defined as net income plus depreciation less changes in working…