Monday, July 29, 2013

margin of safety

Track growth, at least some growth over a 10 year period, av of the begining 3 years and the most recent 3 years.

Cash generating capability and dividend policy is highly important.

SGX, Pne,

margin of business, NP should be lower than 5 even if that is industry norm

Decent valuation using standard PE, PB

Little, or no debt

 

Other approaches,

big neglected companies at down cycles

Golden agri, YZJ

YZJ OCF still ok....

Golden agri is worse

 

Cash generating machine, with growth potential

PNE, namlee???

Others??

sigh....