Brief Background: Prima Plastics started in 1993 manufactures plastic moulded furniture (PMF). The company manufactures products ranging from chairs, baby chairs, dining tables, stools, teapoys, material handling products etc and competes with the likes of Nilkamal, Wimplast, etc. PPL is the third largest player in the plastic furniture segment after Nilkamal and Wim Plast with a…
Alright, After getting a glimpse of “ Owner Earnings” , We will now understand Maintenance Capex and find a best way to calculate it. Maintenance Capex vs Growth Capex: Growth capex can be defined as any expenditure which is undertaken in the interest of increasing revenues and profits, while Maintenance capex can be defined as…
The late Phil Fisher was one of the great investors of all time and the author of the classic book Common Stocks and Uncommon Profits. Fisher started his money management firm, Fisher & Co., in 1931 and over the next seven decades made tremendous amounts of money for his clients. For example, he was an early…
Background : Walter Schloss is not nearly as well-known as other investors such as Warren Buffett but Schloss has gained a reputation as one of the best value investors ever. Like Buffett, Schloss was a direct student of Benjamin Graham, and is one of the “Super Investors” mentioned by Warren Buffett in his famous essay, The…
“Not everything that can be counted counts and not everything that counts can be counted” —Albert Einstein Investing is part art and part science. The science part is easy; all you need to do is look at the numbers. Review the company’s balance sheet, income statement, and cash flow and you are halfway there. However, if…
CEOs need to do two things well to be successful: Run their operations efficiently and deploy the cash generated by operations. Most CEOs focus on Managing Operations which is undeniably important however dismiss the importance for Capital Allocation. If you go back to History you will always see the successful ones have always been the…
Investing Mantras 