- Domino’s delivers on bid talk and growth hopes (Independent). Talk of a 600p/share offer from private equity versus the current 453p/share price. Question: Why buy Domino’s Pizza UK Ireland plc at a trailing P/E ratio of 30.5x when you can buy the ultimate franchise-holder Domino’s Pizza Inc for a trailing P/E ratio of 17.5x? I’ve written about the latter here, here and here.
- Dairy Crest Group (Valuhunteruk). Very detailed investment research well-worth reading in order to properly judge competitor Robert Wiseman Dairies, which I reviewed here.
- Neighbors Are Mad At Guy Who Got $300K House For $16 (The Consumerist). The distressed nature of the US housing market is clearly throwing-up some attractive investment opportunities for those with market knowledge and patience.
- BHP boosts yield estimate at Chile copper mine by $525bn (Sydney Morning Herald). Is the world running-out of commodities? Maybe not? Higher material prices mean that resources companies can book higher levels of reserves as at higher prices more ore is economically recoverable. Should we expect the same for oil and gas?
- Number of estate agents reaches a record high (South China Morning Post – $). A record high number of estate agents combined with falling transaction volumes in Hong Kong looks like a top-of-the-market signal if ever I saw one.
- The collapse of the Railway Mania, the development of capital markets, and Robert Lucas Nash, a forgotten pioneer of accounting and financial analysis (University of Minnesota). This academic paper is a wonderful piece of UK economic and industrial history.
Posted in: Uncategorized
Cautious Bull 
Posted on 21/07/2011
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