Research from Superfluous Value, Superfluous Value

Superfluous Value

Research from Superfluous Value

Stock selection has rarely been as important as it is today. After a roaring decade for US markets and with signs of mania everywhere, the S&P 500 as over-priced as it has ever been.

But, there is better way. Superfluous Value is a contrarian, deep-dive into the markets forgotten by the 60/40 instos and indexing, momentum chasers. Where the hot money has long moved on, it leaves behind investments offering great safety and prospective returns.

I believe the 2020s will look diametrically opposite to the recent past, with Emerging Markets, the UK, Japan and commodities set to rip and I intend to be holding the best opportunities available as they do.

Please feel free to come along on the journey.

Contrarian Deep-Dive into the Markets

Equity Bottom-Up

Micro Focus International  / Equity Bottom-Up

<ul><li>After banging the drum on Micro Focus for several years, a suitor has arrived, with Canadian software firm OpenText offering to acquire the company for an Enterprise Value of $6b or $6.30 (532p)/share.</li><li>I have mixed emotions here and will try to sum up my thinking since the deal was announced.</li><li>Of course, it’s hard to be upset when one of your holdings doubles overnight.</li></ul>

After banging the drum on Micro Focus for several years, a suitor has arrived, with Canadian software firm OpenText offering to acquire the company for an Enterprise Value of $6b or $6.30 (532p)/share.I have mixed emotions here and will try to sum up my thinking since the deal was announced.Of course, it’s hard to be upset when one of your holdings doubles overnight.

Canada

Open Text Corporation provides intranet, extranet, and corporate portal solutions to organizations located throughout the world.  The Company's flagship product, Livelink is an off-the-shelf, enterprise scalable, collaborative application for companies that want to leverage their information and resources through intranets.

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Open Text Corp (OTEX CN)

The Micro Focus Buy-Out: Vindication?

After banging the drum on Micro Focus for several years, a suitor has arrived, with Canadian software firm OpenText offering to acquire the company

Superfluous Value

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