While the profit and loss statement is doubtless very important for investors, the balance sheet should not be underestimated; it may even be more important. Below we run through the top points to consider when coming face-to-face with a balance sheet. Show More
The most important macro driver to watch is the stage of the business cycle, explains Vince Pezzullo, Portfolio Manager at Perpetual Equity Investment Company (ASX:PIC). There are two elements to the business cycle. Firstly, inventory cycle – overbuilding at the top of the cycle results in inventory having to clear.... Show More