Author Topic: David Webb - The 20%-a-Year Stock Picker Who Wishes His Edge would disappear.  (Read 4396 times)

Foreign Tuffett

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Has anyone else gone through his list of holdings from late last year? He definitely holds some cheap stocks.

https://webb-site.com/dbpub/webbchips.asp

Sun Hing Vision @ 2.89 -- Trades ~40% above NCAV / ~6.5x EV/TTM OP / over 6% TTM dividend yield / Recently bought a property to  use as its HQ starting in 2021

Lung Kee @ $3.48 -- Trades ~44% above NCAV / ~5.25x EV/TTM OP / ~11.5% TTM dividend yield / Also owns some excess real estate

Ming Fai @ $1.09 -- Trades ~28% above NCAV / ~4.6X EV/TTM OP / ~6.4% TTM dividend yield /



kab60

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I've looked at some of them and went with Lion Rock Group which is a pretty significant position for me. While not as cheap on a NCAV basis etc. as some of the above, it's cheap AND growing value nicely. It's a high quality business in a boring and tough industry but with high quality management. Capital allocation is stellar, and management has a lot of skin in the game.

Foreign Tuffett

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I've looked at some of them and went with Lion Rock Group which is a pretty significant position for me. While not as cheap on a NCAV basis etc. as some of the above, it's cheap AND growing value nicely. It's a high quality business in a boring and tough industry but with high quality management. Capital allocation is stellar, and management has a lot of skin in the game.

Would you care to expand on this? While I only spent about 5 minutes looking at it earlier this week, my first impression was that it is a more-or-less fairly valued. What's the special sauce here? Why is it a high quality business? What make the capital allocation so good?

Spekulatius

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Has anyone else gone through his list of holdings from late last year? He definitely holds some cheap stocks.

https://webb-site.com/dbpub/webbchips.asp

Sun Hing Vision @ 2.89 -- Trades ~40% above NCAV / ~6.5x EV/TTM OP / over 6% TTM dividend yield / Recently bought a property to  use as its HQ starting in 2021

Lung Kee @ $3.48 -- Trades ~44% above NCAV / ~5.25x EV/TTM OP / ~11.5% TTM dividend yield / Also owns some excess real estate

Ming Fai @ $1.09 -- Trades ~28% above NCAV / ~4.6X EV/TTM OP / ~6.4% TTM dividend yield /

Sun Hing vision 125.HK looks good to me. I havenít bought it yet, though.
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