Hi reader, One of the things any investor should do is read, and when I say read…I mean read a lot. I will not be the one who outlines the benefits of reading (these have already been well documented), but I believe this activity can have tremendous benefits for any investor’s process. Many investors view reading simply as a way to source investment ideas. While idea sourcing is definitely one of the benefits, I’d say
Nice article, it was a good read! Regardless the screening criteria that you tweeted...is a net cash position enough for you or do you search for companies with literally zero debt? Do you distinguish between financial debt and capital leases, which are now often put together?
Great questions. A net cash position typically makes me comfortable yes, although obviously no debt whatsoever is preferable for what I look for. I do exclude leases because even though they are obligations they are much more "flexible" than financial debt and can be adjusted accordingly.
Excellent piece!
Thank you! Glad you liked it!
Thank you for sharing this. It is wonderfully constructed and very insightful.
Thank you for reading!
Grandioso post Leandro!
Muchisimas gracias Alfredo!
Nice article, it was a good read! Regardless the screening criteria that you tweeted...is a net cash position enough for you or do you search for companies with literally zero debt? Do you distinguish between financial debt and capital leases, which are now often put together?
Great questions. A net cash position typically makes me comfortable yes, although obviously no debt whatsoever is preferable for what I look for. I do exclude leases because even though they are obligations they are much more "flexible" than financial debt and can be adjusted accordingly.
Superb read.. Thank you for this..
You are welcome and thank you for reading!