Buy from Dumb Sellers not Smart Sellers Holding Companies: Two Layers of Undervaluation

Simple Questions may not be Answered with Multi-Segment Businesses

We like looking at multi-segment businesses where it’s a bit more complicated to analyze all the parts and there’s not an obvious answer to the question of what the entire company is worth. In this context, we pay a lot of attention to private market values and trying to understand how underperforming segments should be valued.
Tags: value, business, worth