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>Broadcom remains as one of the best-positioned semiconductors stocks.</li>
<li>The recent rally, however, is factoring too optimistic scenario for the future and creates a downward risk for the share price.</li>
<li>Profitability would continue to experience strong tailwinds, but this is unlikely to bring significant rewards for shareholders.</li>
</ul>


Broadcom remains as one of the best-positioned semiconductors stocks.
The recent rally, however, is factoring too optimistic scenario for the future and creates a downward risk for the share price.
Profitability would continue to experience strong tailwinds, but this is unlikely to bring significant rewards for shareholders.


Broadcom: A Well-Positioned Business, But Downward Risk Is Significant In The Near Term