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>Kimberly-Clark's stock has enjoyed a brief period of at-par performance with the rest of the equity market.</li>
<li>Some of the tailwinds that made this rally possible are dissipating and are unlikely to provide a sustainable tailwind for shareholders.</li>
<li>In recent years, it has been next to impossible to conceive a long investment thesis for Kimberly-Clark (<span class="ticker-hover-wrapper">NYSE:<a href="https://www.smartkarma.com/search?q=KMB" target="_blank" rel="noopener">KMB</a></span>).</li>
</ul>


Kimberly-Clark's stock has enjoyed a brief period of at-par performance with the rest of the equity market.
Some of the tailwinds that made this rally possible are dissipating and are unlikely to provide a sustainable tailwind for shareholders.
In recent years, it has been next to impossible to conceive a long investment thesis for Kimberly-Clark (NYSE:KMB).


Kimberly-Clark: Short-Term Tailwinds Dissipate

Kimberly Clark

Kimberly-Clark: Short-Term Tailwinds Dissipate