The Market Maven - Week 28
Ceiba Investments, Hermle, Newell Brands
Ceiba Investments 🇨🇺 (LON: CBA, MCap: £36M, Last Close: £0.26)
Ceiba Investments owns Cuban real estate and only £220k worth of shares have traded hands over the previous 12 months…
Shares of Ceiba trade for a 60% discount to NAV, a NAV which in itself is valued at only a fraction of prevailing prices in neighboring Caribbean countries. This is because Cuba suffers from deep economic problems, however, Ceiba mitigates some of the capital control and currency issues by receiving rental payments in hard currencies outside of the country.
Hermle AG 🇩🇪 (FRA: MBH3, EV: €748M, Last Close: €177.00)
Hermle is a manufacturer of high-end CNC milling machines poised to ride the wave of manufacturing automation. The company has a history of innovation and impressive returns on equity. Shares trade for an EV/EBIT of 8x compared to a 10 year average closer to 14x.
A Writeup from Value and Opportunity (Link).
A Writeup from Michael (Link).
A Writeup from Heavy Moat Investments (Link).
Newell Brands 🇺🇸 (NASDAQ: NWL, EV: $7.6B, Last Close: $5.72)
Newell is a large worldwide manufacturer, marketer, and distributor of consumer and commercial products. Newell's brands are typically #1 or 2 in their categories. The company has struggled to recovery after COVID. Now with new leadership, Newell has been cutting low margin products and is focused on returning to positive revenue growth.
Shares trade for an EV/Sales ratio of 1.0x compared to 2.0x during more normalized times.
Check Out: AGI and the Future of Warfare
Disclosure: This newsletter does not provide investment advice. Information presented is for informational purposes only and should not be considered a recommendation to buy or sell securities. The author may or may not own the securities discussed.