Graeme's

A quick look at Enterprise Inns

Posted by Graeme in Shares at 5:47 am on Tuesday, 26 February 2013

This is a company I have not looked at for a very long time. My interest was raised by a post on Expecting Value. The price to book value of 0.5 and reasonable PE (5× pre-exceptional earnings) it looks like a bargain, and sales of assets paying off its debt, but with some worries about low returns and constant downward revaluations of fixed assets. (more…)

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