The purpose of this blog is to entertain by providing, I hope, witty, critical and acerbic analysis of companies’ strategies, financials, and management. In particular to analyse the difference between what managers say they are doing, and the truth.
Just so everyone is clear where I am coming from — I analyse and write from the perspective of a small investor who tries to invest in “special situations”: unfashionable companies that are experiencing change in their returns due to internal factors, such as restructuring, or external factors, like industry changes. Or whose high, consistent dividend payouts are ignored by the the market. Trading is not my style.
As I do not hold any adviser’s licence, I will have take care to ensure that no-one can complain that I am giving advice. And please do not ask for advice on market conditions or stocks.