Learning that drives better investment decisions

VMC: The Motivation, Impact, and Pain of Share Buybacks

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A share buyback is when a publicly-listed company uses cash to purchase its shares ‘back’ from the market. Also called share repurchase, the concept gives existing shareholders an option of selling their personal stakes back to the company. The only other way a company can distribute cash in such a manner is through dividends.

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World-Class Profitability at Carlsberg Brewery Malaysia

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Carlsberg Brewery Malaysia Berhad is 51%-owned by the Carlsberg Group and started production in Malaysia in 1972. The company has shown an excellent Profitable Growth and ranked at #1 for the whole time period.

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“A Battle as Old as Markets”

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In our Top 5 this week, we look at the recent market inversion yield curve, examine the gold versus stocks battle, and learn how knowledge can be a dangerous thing. All this and more…

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Excellent Profitable Growth at ACE Hardware Indonesia

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PT ACE Hardware Indonesia Tbk holds the master franchise rights of ACE Hardware Corporation, an American hardware retailers’ cooperative, in Indonesia. In the past 12 months, the company ranked among the best 133 out of 1,330 medium-sized Consumer Discretionary companies globally.

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Hotel Shilla Has Found Growth in Duty-Free Shops

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Hotel Shilla Company Limited is a Korean firm that started in the hotel business in 1979 and later expanded into duty-free shops. Profitability has been poor since 2015 but Growth jumped to #1 from #8 in the past 12 months.

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VMC: Mistake #5 – Forecasting Drastic Changes in the Cash Conversion Cycle

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It’s important to remember that huge year-to-year changes only happen in truly exceptional valuation cases. Significant changes in product mix or the introduction of new products can occasionally cause such huge annual changes. But, generally, annual forecasts should not deviate substantially from the historical numbers.

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Inari Amertron Has Shown Outstanding Profitable Growth

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Inari Amertron Berhad is Malaysia’s biggest semiconductor company by revenue. The company has been outstanding on Profitable Growth and ranked in the top 10% among 1,120 medium-sized Information Technology companies worldwide.

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Effort ≠ Returns

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In our Top 5 this week, we examine the Dow’s recent 7th longest streak in history, walk through the evolution of investing, and break down the “work ethic” fallacy. All this and more…

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Fine Profitable Growth at LOTTE Fine Chemical

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LOTTE Fine Chemical Company Limited is a Korea-based supplier of fine chemicals, general chemicals, and electronic materials. In the past 12 months, LOTTE Fine Chemical ranked among the top 249 out of 830 large Materials companies worldwide.

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Profitable Growth Has Recovered at Wynn Macau

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Wynn Macau Limited is ranked as the second-largest gaming company in Macau by casino revenue, and no. 1 in terms of exposure to VIPs. Profitable Growth returned to the green in the past 12 months.

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