The Wall Street Guest Conference, organized by the Association of Individual Investors, appealed to small investors did not act in herds, as is sometimes tend to, and did not listen to suggestions – including analysts. Businessman not have the best opinion about them, and to confirm the suggested some charts – eg coal prices and exchange JSW.
– Coal prices are steadily falling, and yet there were positive recommendations for the mining company. It’s hard to understand. Last raw material price declines slowed, but the investment will be able to think only if this little stabilization will become a larger one. You also need to keep track of information about who is de facto ruled in the company – management or the unions – said Zbigniew Jakubas.
The main shareholder of, among others, Polish Mint appealed to investors to walk for the general meeting.
– With horror I look at it, that at the AGM does not small investors. If you do not come, ask questions, then you will not have knowledge of, and yet it is all about your money – says Zbigniew Jakubas.
The investor also unveiled its motto investment (as Warren Buffet: “It is better to buy a wonderful company for an average price than the average company at a great price “) and seven conditions of good fundamental analysis.
1. Analyze the competitive environment of companies.
2. Ask yourself clearly to the question why invest in that particular company.
3. Pay attention to the revenues of the company – whether it loses or gains market.
4. Focus on EBITDA (operating profit plus depreciation), which best reflects whether the company makes money or not.
5. EBITDA compare with the value of CAPEX, or investment expenditure. CAPEX may overeat EBITDA and the end result in the form of net cash may be miserable.
6. Check that the company pays dividends, and whether they are possible in the future.
7. Check the value multipliers, including primarily an EV / EBITDA.
“Puls Biznesu” and Bankier.pl are media partners of the Conference of Wall Street.
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