Deere & Co: Tractors-as-a-Service


Deere & Co is like the Apple of tractors, with technologically advanced products and a recognition of the value of building an as-a-service business with recurring income. Historical financial performance is strong to say the least, with this industrial stalwart making a strong case as a buy-and-forget stock. But what does the near-term view suggest?

Deere & Co: Tractors-as-a-Service2023-09-06T22:13:26+02:00

Magic Markets Ep138: Caterpillar and Home Depot


In episode 138 of Magic Markets, we are changing things up by looking at recent earnings releases in the US. Follow us as we delve into the depths of our Magic Markets Premium library to compare our wealth of research on these companies with their latest releases. Ghost had lots to say about the latest Caterpillar report, while Moe had thoughts to share on Home Depot.

Magic Markets Ep138: Caterpillar and Home Depot2023-08-16T20:48:21+02:00

Lennar: value in the cycle


Use the podcast player below to listen to our discussion on Lennar and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 29 September 2022) Rates are higher. The world is scared. A recession is on everyone’s mind. Yet, here we are, looking at a company that builds homes in the US. Is this a suicide mission? Or, is the market just too pessimistic? It may not be obvious at first blush, but there are reasons to believe that Lennar might be interesting at these levels. It’s even more interesting with a bit of patience. Elevator pitch Homebuilding: [...]

Lennar: value in the cycle2022-09-28T22:58:49+02:00

Caterpillar: Playing the Cycles


Use the podcast player below to listen to our discussion on Caterpillar and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 8 September 2022) When it comes to iconic brands in the real economy, Caterpillar is right up there. You’ll even find it at your local toy store, getting kids excited with all kinds of yellow machinery. There’s more to the business than just diggers and trucks, as Caterpillar even plays in the marine industry. With a core business focusing on mining, energy and infrastructure, Caterpillar is exposed to the nuts and bolts of the economy. This [...]

Caterpillar: Playing the Cycles2022-09-07T23:40:59+02:00

Magic Markets Ep62: Afrimat – a track record as Hotazel


With a share price and earnings track record that puts most companies to shame, Afrimat is widely regarded as a company with excellent capital allocation discipline and focused strategic execution.Starting in the construction industry, Afrimat has evolved into a strong mid-tier miner. Afrimat’s secret lies in owning a diversified portfolio of counter-cyclical businesses. The overlay of this cyclicality, when viewed in aggregate, creates a more attractive earnings profile and de-risks the entire operation. A conservative approach to the balance sheet has also been key to success.In Episode 62 of Magic Markets, we welcomed Afrimat CEO and founder Andries van Heerden to [...]

Magic Markets Ep62: Afrimat – a track record as Hotazel2022-02-10T01:16:14+02:00
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