A Path to Forever Financial Freedom, and is republished with permission. The writer (left), who is in his late 20s, has a MBA degree.
IN A BULLISH market environment, it is often difficult to find companies that provide a long term value with a sufficient margin of safety to shareholders.
Because of such difficulties, we often see investors pumping up their investment in commonly sought-after blue chip companies, causing their price to earnings ratios to rise to record highs these few years.
However, this stock that I will be highlighting is currently trading at a massive discount. In fact, it is trading at less than the cash value on the book. I will be explaining in further detail later.
To give a bit of background, the company was started in 1978 and listed on the SGX in 1995. The company is in the business of moulding, fabrication and assembly and is a pioneer as a major plastics manufacturer.
I will not be doing a thorough review on the company’s foundation. Should you be interested to explore further, please conduct your own due diligence on the company.
The company reported its full year 2014 results recently on the last day of February.
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