Such firms are hard to analyse, they aren’t always run well and they rarely add value
Thursday 11 Apr 2019 Author: Daniel Coatsworth
Conglomerate has become a dirty word as owning various businesses operating in different industries is no longer seen as relevant in the modern world. The returns for investors in these stocks also haven’t been great. It is very hard for a board to run a company with lots of complex parts and you can’t expect directors to be experts in different end-markets. Quite often the disclosure is poor for...