Classic value investors avoid financial firms such as Fairpoint Group (LSE: FRP) for the very plain and simple reason of an exceptionally weak balance sheet. Quite apart from Fairpoint being listed on AIM here at Shares and Stock Market financial firms have a special risk category that makes them a no-go area due to the historical instances of cavalier boards of financial … [Read more...] about Fairpoint Group: Why I Avoid Financial Stocks
Goodwill And Intangibles
it is the most aggressive and risky purchase within the portfolio and success or failure rests with the board and their ability to drive the business forward whilst maintaining the integrity of the balance sheet. This is what I had to say about it St Ives the last time I bought a position and today St Ives announced a property sale to the tune of £5.7 million which they will … [Read more...] about St Ives (LSE: SIV) Reduces Net Debt But There Is Still More To Do
This contrarian investing malarkey certainly goes against human nature. I mean you see a business' share price like St. Ives (LSE: SIV) today get a hammering by the market and instinctively you buy stock. Well at least I do. Call it madness if you like but that's the way it goes here at Shares and Stock Markets. The thing is I'm not sure how much more contrarian … [Read more...] about St. Ives Shares Gets Smashed By The Market, So Naturally I’ve Bought Some At 125p
Far be it from me to hold a grudge but I thought I'd take a look back at one of the worst businesses that an investor could ever hope to plough money into: Savannah Resources (LSE: SAV). The last time I had a look at this value destroying entity the share price had plummeted over 15% in one day. But that is small fry when you consider Savannah's previous … [Read more...] about Savannah Resources – Up To It’s Old Tricks
Anybody who bothered to read last Thursday's RNS from New World Oil (LSE: NEW) would surely have run a mile from management's attempt to remain on life support by way of a placing and an open offer. This is desperate and unsurprising given the dire state of New World Oil's business operations: The past two year period has been a difficult time for the Company. The … [Read more...] about New World Oil & Gas: Just Who Are They Kidding?