A long and winding road
Last October, I added Castings (CGS) to the Thrifty 30 portfolio when its market, iron castings and components for vehicles, had collapsed.
Sales were down 15% and profitability (return on total assets) had fallen sharply. Casting’s manufacturing sites were operating at 50% of their capacity, it had laid off 350...
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From the Lloyds Banking Group 2009 annual results statement.J Eric Daniels, chief executive:Impairments in the year were £24.0 billion, which is reflective of the problem HBOS portfolios,...
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In practice:
The contrarian’s sector
As contrarian ideas go, the auto industry is hard-core, yet, despite having added engineering consultancy Ricardo to the Thrifty 30 model portfolio last week I haven’t finished with the sector.
While some manufacturers have maintained their research and development efforts to design leaner, cleaner vehicles, shielding Ricardo from the worst of...
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