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!
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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 Executive Director of Future Direction Network, a not-for-profit aiming to improve university attendance among students in South-West Sydney. Ninus has a Master of Business Administration (MBA) from Macquarie Graduate School of Management (MGSM) and a Bachelor of Economics from Macquarie University.
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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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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...
Expertise
No areas of expertise
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