Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Watching the Sunset in Print Media & Steel

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Equity Bottom-Up

<ul><li>Low price-to-sales and share price is less volatile relative to its sector, and low price volatility versus the Thai market </li><li>MILL is enjoying a turnaround in its steel profit margins thanks to improving global steel prices supported by Chinese production cuts, and volume growth due to increased capacity of billets </li><li>A JV for steel production recently started up with Japan’s  <a href="https://www.smartkarma.com/entities/209" target="_blank" data-smartkarma-citation="entities:209:1">Kobe Steel Ltd (5406 JP)</a> should allow the company to sell higher-priced steel products for auto use and enhance long-term profitability </li><li>Attractive improvement in asset turnover and operating profit margin </li><li>Risk: Unexpected slump in construction and flood of Chinese steel exports in Thailand</li></ul>

Low price-to-sales and share price is less volatile relative to its sector, and low price volatility versus the Thai market MILL is enjoying a turnaround in its steel profit margins thanks to improving global steel prices supported by Chinese production cuts, and volume growth due to increased capacity of billets A JV for steel production recently started up with Japan’s  Kobe Steel Ltd (5406 JP) should allow the company to sell higher-priced steel products for auto use and enhance long-term profitability Attractive improvement in asset turnover and operating profit margin Risk: Unexpected slump in construction and flood of Chinese steel exports in Thailand

MILL: Steel Provides Opportunities for Structural Growth

Millcon Steel

MILL: Steel Provides Opportunities for Structural Growth