In the late 1950s, Sandborn Maps was struggling. Operating profits fell by more than 80% over the previous 20 years and the share price followed, falling from $110 to $45.
A market cap of $4.7m for its $100,000 of operating profits might have looked generous, had it not been for the $7m of marketable securities the company also held. Investec's Mundy: I would say we...
Retail companies could exceed expectations
Debt has become the opioid crisis of the global economy.
Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.
There is something strange going on in Europe according to some commentators - the market has rallied aggressively post the trade war-induced sell-off in the fourth quarter of 2018.
We expect to see continued market volatility and macroeconomic uncertainty in the UK throughout 2019, not least due to Brexit.