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Investing against the tide

In practice:
Huveaux (again)
Rupert Levy, Huveaux’s financial director, returned my call this morning. I rang him yesterday primarily to ask about some of the notes in the accounts.
A quick recap: Yesterday I said this publishing and events company was cheap, but I was doubtful about its financial strength…
Note 15 confirms the company believes the “value in [...]

Huveaux, heaving itself back from the precipice

In practice:
How good is good?

Most studies I’ve seen demonstrate that the best returns come from the cheapest companies, and those with the strongest finances. Putting the two together, buying good companies at cheap prices, is common sense.
In practice it can be difficult to do because there is a trade-off between price and quality. It’s not [...]