It’s incredible how often the “boring” companies deliver the best returns. Usually run by the accountants who enjoyed auditing and tax at university rather than finance, they stick to their knitting and play it safe with the balance sheet. Over time, they deliver slow and steady returns that add up to an impressive long-term compound annual growth rate.
The market tends to ignore these companies, with low traded multiples and high payout ratios . By not placing any value at all on the underlying growth in the business, the market underestimates the benefit of sensible reinvestment in the business and the power of share buybacks in turbocharging growth in headline earnings per share...
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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
THE FINANCE GHOST: Bored rooms beat boardroomsConservatism with the balance sheet may not make for killer headlines, but it almost always means juicier shareholder returns over time, writes FinanceGhost.
출처: FinancialMail - 🏆 20. / 63 더 많은 것을 읽으십시오 »
THE FINANCE GHOST: Bored rooms beat boardroomsConservatism with the balance sheet may not make for killer headlines, but it almost always means juicier shareholder returns over time, writes FinanceGhost.
출처: FinancialMail - 🏆 20. / 63 더 많은 것을 읽으십시오 »
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »