We all know Warren Buffett's remarks on burgers

Ninus Kanna

Quay Global Investors

We all know Warren Buffett's remarks on burgers. A little burger I noticed this week was Fleetwood (FWD), down 74% over the past twelve months! The end of the mining boom has left a business with an earnings gap and poor returns on capital. While most people would not dare look, we reckon it has a consistent history of decent capital management. Trading at less than 10 times free cash flow, just treading water will mean you get your investment paid back in 10 years. That is a burger worth trying!


Ninus Kanna
Ninus Kanna
Investment Writer
Quay Global Investors

Ninus has over seven years experience in equity research. Having recently worked at Fairmont Equities, Ninus has previously advised institutional clients with firms CLSA, ING Investment Management, Merrill Lynch and Morningstar. He is also an...

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