Dissecting The Margin of Safety

Michael Glennon

Glennon Capital

This week Michael is talking about the Margin of Safety, following a very heated back-half of calendar 2016 in the small and mid-cap segments of the market.
When we look at the Margin of Safety we look at not paying too much for a business.

 


We do this by looking at these areas:

  • Balance Sheet - assets and liabilities
  • P&L - revenue and profits (multiples)
  • Business Stability - what is affecting the long-term continuity of the business and it's profits?

 


Michael Glennon
Founder & Portfolio Manager
Glennon Capital

Michael has over 17 years experience in financial markets and over 15 years experience as a portfolio manager and director of several boutique investment management firms. As one of Australia’s most experienced small cap fund managers, Michael was...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.