{"id":1736,"date":"2015-12-21T18:00:58","date_gmt":"2015-12-21T16:00:58","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=1736"},"modified":"2015-12-21T18:00:58","modified_gmt":"2015-12-21T16:00:58","slug":"2015-ends-within-10-days","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=1736","title":{"rendered":"2015 ends within 10 days!"},"content":{"rendered":"<p style=\"text-align: justify;\">Time to review our performance. How did we fare until today?<\/p>\n<p style=\"text-align: justify;\">Our blog follows 2 stocks which in 2015 went exactly in opposite directions.<\/p>\n<p style=\"text-align: justify;\">Markel Corp. (NYSE: MKL) our insurance and investment champion presented good results and performed 27% over the year until today, by far outperforming the S&amp;P 500.<\/p>\n<p style=\"text-align: justify;\">Colfax (NYSE: CFX) unfortunately did the exact opposite: Colfax lost 57% until today&#8230;. ouch!<br \/>\nAnd this performance followed an already negative performance of \u2013 19% last year &#8230; two times ouch!<\/p>\n<p style=\"text-align: justify;\">It is difficult to blame management. Colfax operates in the heavy industry sector and has a strong relation to the oil sector which itself sails through a cyclical downturn of enormous proportions.<\/p>\n<p style=\"text-align: justify;\">Colfax thinks the downturn of the industry will continue until 2017.<br \/>\nManagement reacts by restructuring, lowering costs, improving performance and in addition the board has approved a share repurchase program of $ 100M.<\/p>\n<p style=\"text-align: justify;\">Colfax stock trades at a p\/e of 15 which means that the market values Colfax as a general industry stock with only modest growth perspectives. But if Colfax can reassume once again its superior growth path by acquisitions and by strictly applying the CBS-tools this valuation could prove too conservative and the stock will go up again.<\/p>\n<p style=\"text-align: justify;\">Patient investors could bet on this and slowly start a position going into 2016!<\/p>\n<p style=\"text-align: justify;\">To all our readers a Merry Christmas and a happy and prosperous 2016!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time to review our performance. How did we fare until today? Our blog follows 2 stocks which in 2015 went exactly in opposite directions. Markel Corp. (NYSE: MKL) our insurance and investment champion presented good results and performed 27% over the year until today, by far outperforming the S&amp;P 500. Colfax (NYSE: CFX) unfortunately did [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1736"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1736"}],"version-history":[{"count":3,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1736\/revisions"}],"predecessor-version":[{"id":1739,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1736\/revisions\/1739"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1736"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}