The equities sell-off in the US last week was attributed to increasing concerns over European growth. It is clear that volatility is rising and a little fear is creeping in to the market. As value investors, we see this as a possible opportunity to invest in quality companies as they fall below their intrinsic value. We discuss three of these companies below.
While Seven Group Holdings (ASX: SVW) reported a 46 per cent decrease in net profit to $235 million for the full-year, the result was well flagged and reflected the decrease in new product sales for WesTrac.