Latticework Investor

Value Investing

Posts Tagged ‘Semper

Tom Russo of Semper: global value equity investing.

leave a comment »

Notes from the Value Investing Congress Twitter feed.

Tom Russo of Semper: global value equity investing.

  • International markets very attractive because of emerging market growth
  • No way out: American companies are exposed to foreign currencies and you’ll have the same fluctuations as foreign businesses.
  • Allocated a lot of capital to emerging markets when they collapsed in late 2008.
  • Nestle has the ability to invest large sums of money at very high rates of return in emerging markets.
  • Pernod Ricard: tremendous leadership in China and leading positions in brands around the world. Became #1 shorted stock in Euronext in 2008.
  • SABMiller has burdened EBITDA margins in Africa because of investments. Commendable: not many companies can think long term.

Written by latticework01

May 6, 2010 at 9:56 am