At the moment UK markets look very cheap, and a fertile hunting ground for new ideas. While looking through UK market screeners I stumbled across Smiths News ($SNWS), the UK’s largest newspaper distributor. Smiths is an interesting case of a high quality company in a declining industry, and I think looks very attractive at the right valuation. While it certainly is a melting ice cube, I believe the ice cube is melting slower than the market is predicting.
Smiths News: a slowly melting ice cube
Smiths News: a slowly melting ice cube
Smiths News: a slowly melting ice cube
At the moment UK markets look very cheap, and a fertile hunting ground for new ideas. While looking through UK market screeners I stumbled across Smiths News ($SNWS), the UK’s largest newspaper distributor. Smiths is an interesting case of a high quality company in a declining industry, and I think looks very attractive at the right valuation. While it certainly is a melting ice cube, I believe the ice cube is melting slower than the market is predicting.