Research from Superfluous Value, Superfluous Value

Superfluous Value

Research from Superfluous Value

Stock selection has rarely been as important as it is today. After a roaring decade for US markets and with signs of mania everywhere, the S&P 500 as over-priced as it has ever been.

But, there is better way. Superfluous Value is a contrarian, deep-dive into the markets forgotten by the 60/40 instos and indexing, momentum chasers. Where the hot money has long moved on, it leaves behind investments offering great safety and prospective returns.

I believe the 2020s will look diametrically opposite to the recent past, with Emerging Markets, the UK, Japan and commodities set to rip and I intend to be holding the best opportunities available as they do.

Please feel free to come along on the journey.

Contrarian Deep-Dive into the Markets

Thematic (Sector/Industry)

<ul>
<li>Value investing is often described as running towards the fire or seeking out disaster.</li>
<li>Often, outstanding returns can be had as the market reverts from total capitulation, to merely bad.</li>
<li>In the case of Brazil today, an investor is paying capitulation pricing for prospects that are already better than merely bad.</li>
</ul>


Value investing is often described as running towards the fire or seeking out disaster.
Often, outstanding returns can be had as the market reverts from total capitulation, to merely bad.
In the case of Brazil today, an investor is paying capitulation pricing for prospects that are already better than merely bad.


Equity Bottom-Up

Cia Brasileira de Distribuicao / Equity Bottom-Up

<ul><li>I recently made my first purchase for the year, buying a core position in Brazilian holdco Companhia Brasileira de Distribuição (CBD:NYSE).</li><li>I believe it has merely been caught up in the general market/SIVB sell-off and the price being offered is too good to pass up.</li><li>CBD is engaged in supermarket/retailing operations and is controlled by the French giant Casino, with 41% ownership.</li></ul>

I recently made my first purchase for the year, buying a core position in Brazilian holdco Companhia Brasileira de Distribuição (CBD:NYSE).I believe it has merely been caught up in the general market/SIVB sell-off and the price being offered is too good to pass up.CBD is engaged in supermarket/retailing operations and is controlled by the French giant Casino, with 41% ownership.

CBD - When The Catalyst Is Slapping You in the Face

Brazil

Cia Brasileira de Distribuicao operates in the food and non-food retail businesses. The Group's structure comprises of supermarkets, hypermarkets, electronics/household appliance stores, convenience stores, cash & carry (wholesale/retail), e-commerce operations and a wide distribution network.

Cia Brasileira de Distribuicao (CBD US)

Brazilian Value: The Trade of the Decade

Value investing is often described as running towards the fire or seeking out disaster. Often, outstanding returns can be had as the market reverts...

Superfluous Value

CBD - When The Catalyst Is Slapping You in the Face

I recently made my first purchase for the year, buying a core position in Brazilian holdco Companhia Brasileira de Distribuição (CBD:NYSE).

Superfluous Value