Debt

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Blog

05SEP 2019

Paintings as collateral? The worrying picture emerging from the art market

Art owners appear to be growing increasingly comfortable about borrowing money against their paintings and other works – but for how long can this trend persist?

2019

JUNE

07JUN 2019

Blog

The Catch-22 facing UK construction businesses

The UK’s construction sector is a challenging one in which to operate and yet the reality facing businesses looking to diversify into other areas is that this is a whole lot easier said than done

MARCH

21MAR 2019

Blog

Focus on businesses, not the people who run them

Rather than on the people and personalities at the top of a company, investors would do better to concentrate their attention on its balance sheet, debt and, above all, valuation

FEBRUARY

08FEB 2019

Blog

Why investors should beware increasingly unforgiving debt markets

The pick-up in bankruptcy activity in the US towards the end of last year could be just a taste of tougher times ahead for businesses should interest rates rise or the economy soften

05FEB 2019

Blog

How value can help prepare for the ‘Brexit test’ – whatever it may be

How we have been preparing our portfolios for whatever Brexit brings has, unsurprisingly, been a question we have fielded with increasing regularity in recent months and years, here on The Value Perspective

JANUARY

29JAN 2019

Blog

Beware the growing levels of debt just one step above ‘junk’

The proportion of corporate bonds rated just one step above so-called ‘junk’ status is reaching ever higher levels, which is potentially a huge problem for investors as and when the next recession hits

2018

NOVEMBER

09NOV 2018

Blog

Expensive businesses + high debt = cause for concern

Expensive businesses with above-average debt are rarely the ingredients from which to make a successful long-term investment and yet that is just the combination that have been leading the US bull market

SEPTEMBER

17SEP 2018

Blog

Lessons from the financial crisis have not been learned

When interest rates are so low and tolerance for debt so high, the chances are that someone somewhere is borrowing too much – and you only have to look back a decade to see the potential consequences