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 M&amp;A activity has cooled down, some risks for shareholders have been reduced and management has prioritized higher returns to shareholders.</li>
<li>Although I am turning cautiously positive on Mastercard, there are still risks that need to be considered, according to Mastercard's chief executive.</li>
<li>The performance gap between Mastercard (<span class="ticker-hover-wrapper">NYSE:<a href="https://www.smartkarma.com/search?q=MA" target="_blank" rel="noopener">MA</a></span>) and the S&amp;P 500 that opened in 2021 has now been completely closed.</li>
</ul>


As M&amp;A activity has cooled down, some risks for shareholders have been reduced and management has prioritized higher returns to shareholders.
Although I am turning cautiously positive on Mastercard, there are still risks that need to be considered, according to Mastercard's chief executive.
The performance gap between Mastercard (NYSE:MA) and the S&amp;P 500 that opened in 2021 has now been completely closed.


Mastercard: Turning Cautiously Positive On The Business As Recession Looms Ahead