GLEN ARNOLD INVESTMENTS
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newsletter 23 - Airea - the key issues for the future 18th november 2014

26/7/2020

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This blog considers first the possible sources of revival in the business of Airea, and second the important questions we need to ask while holding its shares.
​

What could cause a revival for the company?
  • Macroeconomic recovery?   This is a distinct possibility.  It has certainly been held back by the recession
  • Exit of rivals from the industry?  Unlikely, but if anyone reading this has some knowledge of competitors please let us know.
  • Managerial improvement?  They seem to have done a pretty good job so far.  Hopefully they have built firm foundations for future growth.
  • Takeover by another firm?  With such a low MCap this is possible.  It could be very attractive at a significant premium to the current price.
  • Liquidation? That would be daft.​
Picture
Questions I need help with
Can anyone help with the following?
  • Are there hidden horrors in the pension fund that I have not cottoned on to?
  • Am I right to be optimistic about the pick-up in carpet sales as economic recovery takes hold?  A major doubt is caused by the public expenditure constraints.
  • What are competitors doing out there in the market place? Are they better or stronger than Airea?
  • Can we trust the inventory figure? A lot hinges on it.
  • What is the property really worth?​
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    I wrote newsletters for almost 10 years (2014 - 23) for publication on ADVFN. Here you can find old newsletters in full. I discussed  investment decisions, basics of value investing and the strategies of legendary investors.

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In the short-run, the market is a voting machine – reflecting a voter-registration test that requires only money, not intelligence or emotional stability – but in the long-run, the market is a weighing machine.  Benjamin Graham




  • About
  • Henry Spain
  • Books
    • My Books
    • Other Books
  • Blog
  • Portfolio
    • Buffett-style
    • Modified price earnings ratio
    • Net Current Asset Value
  • Resources
    • glossary of investment terms >
      • A - B
      • C
      • D - E
      • F - G
      • H - I - J - K
      • L - M - N
      • O - P
      • Q - R
      • S
      • T - U - V - W - Y - Z
    • TOP 10 TIPS FOR INVESTORS