Tips by Charles de Lardemelle

In general, we're far more interested in cyclical companies that are well-capitalized, that don't lose money at the bottom of the cycle and whose...
Tags: value, companies
We'd rather analyze the company, its opportunities and issues, and how it has allocated capital in the past, without first being fed the party line....
We define intrinsic value as what a knowledgeable investor or corporate competitor would pay, in cash, for 100% of the company. From the ground up we...
Tags: value, company, income
We look back as far as possible to inform what would be the worst-case levels of revenues and margins, and then apply what we think are trough...
We may be willing to hold until 110% of appraised value if management, through its strategic decisions or capital allocation, has a proven history of...