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>Cleveland-Cliffs has been one of the greatest transformation stories, returning 150% since my first bullish thesis in 2019.</li>
<li>Strategic capital allocation and long-term perspective of the management created solid competitive advantages that are almost impossible to replicate.</li>
<li>In spite of the extremely bullish investor sentiment, I took the hard decision to sell my stake in the company.</li>
</ul>


Cleveland-Cliffs has been one of the greatest transformation stories, returning 150% since my first bullish thesis in 2019.
Strategic capital allocation and long-term perspective of the management created solid competitive advantages that are almost impossible to replicate.
In spite of the extremely bullish investor sentiment, I took the hard decision to sell my stake in the company.


Cleveland-Cliffs Inc

Cleveland-Cliffs: Proceed With Caution