Enjoy the next in our 2013 exclusive subscriber-only white paper series.
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Identifying a good company
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Category: Featured Reports
Can anyone beat Realestate.com.au at their own game?
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Enjoy the next in our 2013 exclusive subscriber-only Whitepaper series.
The chase for yield – Elusive returns?
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Think Like A Business Owner
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In this first exclusive subscriber report for 2013, we welcome back Tony Featherstone, who in a timely manner for the year ahead reminds us of the hallmarks of true Value Investors.
FlexiGroup quick out of the blocks
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But market has factored in too much growth too soon.
Buying a stock that has doubled in a year and become a “market darling” is hard work for value investors. It gets even harder when the company has declining return on equity (ROE), patchy earnings per share (EPS) growth, high debt, and an aggressive growth strategy.
Based on its current valuation, the market seems to think FlexiGroup can do no wrong. The fast-growing provider of consumer and retail point-of-sale finance has done remarkably well after raising $264 million through an Initial Public Offering in 2006.