Sunday, June 04, 2017

Fagron a compounder; investing note

Last year around August 2016 I wrote: Fagron EPS -6,3 and negative Book Value per share -€2, not for the defensive investor...

The share price was around 7 Euros and has since increased to 11 Euros. I forgot to check history and cash flows. Fagron was earning cash, but had big write-offs (impairments).

The dip in share price seems to have been an opportunity, similar to one at HP a few years ago, when it booked a loss but was trading at 4x cash flow.

Comments, questions or E-mails welcome:

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