I’m struck by how attractive some Korean small-caps stocks are, including the Korean soy saucer producer Sempio Foods that I wrote about yesterday (P/E 8x).
Congratulations for the blog, always very insightful. You mention you are looking at some South Korean names, and I thought you could take a look at NICE Holdings: a very strong set of businesses (credit bureaus, fundamentally), conservative balance sheet, very cheap valuation and reasonable (but not super) capital allocation policies.
Sorry for the slow reply. Big coincidence - NICE Holdings is actually on my watch list and been thinking about diving deeper into it at some point. Thanks for the recommendation!
Hi Michael,
Congratulations for the blog, always very insightful. You mention you are looking at some South Korean names, and I thought you could take a look at NICE Holdings: a very strong set of businesses (credit bureaus, fundamentally), conservative balance sheet, very cheap valuation and reasonable (but not super) capital allocation policies.
Best regards,
Hi TheBeautyContest!
Sorry for the slow reply. Big coincidence - NICE Holdings is actually on my watch list and been thinking about diving deeper into it at some point. Thanks for the recommendation!
Perfect Michael, let me know if I can help, we are shareholders in the stock.