About Conor Maguire
About Value Situations
Value Situations is an investment ideas and research newsletter dedicated to identifying mispriced or undervalued companies and situations in the public equity markets.
Value Situations employs an analytical framework that is differentiated to conventional sell-side analysis in three respects:
Valuation - equities are fractional ownership interests in businesses, and as such the equity of “target” companies is valued from an acquirer’s perspective as if the entire enterprise is being acquired by an informed purchaser.
Downside Risk Assessment - downside protection is a critical component of investment analysis, yet is usually ignored in conventional equity research. Investing is inherently risky and no investment thesis is 100% certain, therefore the consideration of a “What if I’m wrong and how much can I lose? ” scenario is essential in understanding the true risk profile of an investment.
Asymmetric Risk/Return Profile - combining fundamental valuation work with an honest appraisal of downside risk, Value Situations seeks out public equity opportunities with a clear asymmetric risk/return profile where the upside to intrinsic value is a multiple of the downside risk.