Value Investing

Vladimir Dimitrov, CFA

I am a former strategy consultant with heavy exposure to business and intangible assets valuation. Throughout my career I have been focused on solving complex business problems through the lens of the overall business strategy and by incorporating a set of valuation and financial modelling techniques.

In my spare time I have been exploring the concept of value investing and in particular finding companies with sustainable competitive advantages that also trade below their intrinsic value. In addition to my bottom-up approach of individual equities I also take a more holistic view of the markets through factor investing techniques.

Equity Bottom-Up

<ul><li>As a long-term investor in Cleveland-Cliffs with cost basis in mid-single digits, I remain committed to my investment thesis.</li><li>The previously skeptical sell-side analysts are suddenly recognizing the potential behind CLF, after the stock returned nearly 500%.</li><li>Trading volumes are also extremely high, partly driven by the sharp increase in steel prices and renewed investors' interest.</li><li>I am keeping CLF as a Hold at this point time, meaning that I will not be increasing my position for the time being.</li></ul>

As a long-term investor in Cleveland-Cliffs with cost basis in mid-single digits, I remain committed to my investment thesis.The previously skeptical sell-side analysts are suddenly recognizing the potential behind CLF, after the stock returned nearly 500%.Trading volumes are also extremely high, partly driven by the sharp increase in steel prices and renewed investors' interest.I am keeping CLF as a Hold at this point time, meaning that I will not be increasing my position for the time being.

Cleveland-Cliffs Is A Long-Term Buy, But Don't Get Caught In The Short-Sighted Mania

Cleveland-Cliffs Inc

Cleveland-Cliffs Is A Long-Term Buy, But Don't Get Caught In The Short-Sighted Mania