tag:blogger.com,1999:blog-8522220863321921021.post1872899393027096819..comments2023-10-25T16:55:47.069+01:00Comments on 10 Value 10: HMV: Pedigree or Prize Mongrel?Yorkiemhttp://www.blogger.com/profile/02636254435369847915noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8522220863321921021.post-30591898308079693722010-12-06T10:53:10.637+00:002010-12-06T10:53:10.637+00:00Drugs
One of my concerns with HMV was whether it ...Drugs<br /><br />One of my concerns with HMV was whether it was just another Woolies. I got myself satisfied (maybe deluded) that HMV was just more than another high street presence, but was a bit more a destination, which gives it a flavour of a moat. I know that retailing is cut-throat and the future is online, but at the end of the day, I can see a sustainable future for the right hybrid business.<br /><br />I can understand why the the market value appears to be relatively low, but I'm seeing (hoping) that the market has over-reacted. It is fair to say that stronger cash/less debt and more director buying would give me a healthier glow.Yorkiemhttps://www.blogger.com/profile/02636254435369847915noreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-43815785095944928122010-12-06T10:46:58.720+00:002010-12-06T10:46:58.720+00:00Edward
Thanks for the comments. I have a healthy ...Edward<br /><br />Thanks for the comments. I have a healthy amount of companies to review, and Game is certainly on the list. <br /><br />Thanks for the links to the websites - I've only had a chance to have a quick perusal, but they look just the ticket. I'll have a more through review in due course <br /><br />YorkiemYorkiemhttps://www.blogger.com/profile/02636254435369847915noreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-62679946615731649072010-12-04T13:15:22.026+00:002010-12-04T13:15:22.026+00:00Very impressed.
Sadly I don't think HMV is a ...Very impressed.<br /><br />Sadly I don't think HMV is a buy.<br /><br />Of your 10 very sensible points I think the 2 most important for me are 3)Cash flow and 8)Directors.<br /><br />If I was Russian off with HMV?<br />-----------------------------<br />Step A) buy 10% of shares<br />Step B) kindly offer to refinance debt<br />Step C) promise board not to sack them<br />Step D) wait for administration<br />Step E) debt for equity<br />Step F) shareholders got stuffed<br /><br />MD knows that they are not going to get more than 2.3 million a year elsewhere. Silently go along with it.TheDrugsDon'tWorknoreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-74730983018710070342010-12-01T13:00:40.139+00:002010-12-01T13:00:40.139+00:00Hi, noticed your blog off the motley fool website-...Hi, noticed your blog off the motley fool website- very refreshing to see someone else who sees some positives in HMV! I have a fair holding in them, based on the ridiculously low p/e valuation (Though I completely take into account its cashflow and balance sheet weaknesses) <br /><br />You might want to consider having a look at Game group? essentially HMV with a less catastrophic balance sheet! Though not as cheap (pe of circa 7.5) it is still quite attractive from a value perspective. Keep up the good work, I know how hard creating a website/blog is. I hate to join the crowd of people that leave a self serving link to their own sites, but I think you might genuinely find them vaguely interesting- all value investing based! If you dont want the links there, please feel free to delete the comment. Best of luck, Ed<br /><br />www.goodvalueshares.com<br />www.topgrowthshares.com<br />www.dividendshares.co.uk<br />www.bargainshares.co.ukEdhttps://www.blogger.com/profile/14385635148105199912noreply@blogger.com