Hunting for value in break-ups - Part 2

The search for value sometimes requires imagination. Here we outline two candidates where a break-up could provide an opportunity.

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Hunting for value in break-ups - Part 2
View company profile for CTX

Date 22 May 2019
Current Price $21.95

Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Max Portfolio Weighting
Business Risk
Medium
Share Price Risk
Medium

Statistical cheapness, by itself, does not make an investment case. That was the main thrust behind Part 1 of this series. To recap, we argued that, because numbers are easy to see and exhaustively leered over, they provide little investment edge. Cheapness, on its own, will lead you into traps more often than it will lead you to mispricings.

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