The margin of safety
Article Abstract:
Investors should ensure that the stocks that they buy are worth what they pay for them and more. It is not easy to calculate the value of a stock, but one way is the extent to which profit is generated from capital, and to which cash can be generated rather than accounting profits. Investors should only buy stocks when prices are acceptable, and if they are not, then investors should refrain from buying. One comapny following the principles set out by Benjamin Graham seeks stocks that offer value, whatever sector they come from.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Scales tip in the right direction
Article Abstract:
Certain stocks selected as likely to perform well in 1999 have done exceptionally well, with nine stocks gaining 200% on average. Two stocks have performed especially well, and they are Torex and ARM. Torex has moved from tool hire to software, leading in the market for family physicians, while ARM is a designer of microprocessors. GWR, a radio broadcaster, has also performed well. Meanwhile, Firth, Rolls-Royce and Quadrant Healthcare put in disappointing performances.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Making luxuries pay
Article Abstract:
The luxury goods industry offers a number of investment opportunities, which are examined in detail.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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