Skip to Content
scroll

Washington H Soul Patts (SOL) $31.94

In a similar fashion to BKW, we saw SOL fall -6% on Thursday after the conglomerate reported a 9% drop in “regular profit” while they announced the reallocation of almost $1bn away equities over the past year. Their reports can take some fathoming at times, but the investment business now has over $900mn in cash, up more than 87%  from the previous year – they are earning 5% pa on this cash while they search for opportunities.

  • We like SOL’s cash and flexibility, but the stock is expensive, in our opinion.
SOL
MM is neutral toward SOL, around $32
Add To Hit List
chart
image description
Washington H Soul Patts (SOL)
image description

Relevant suggested news and content from the site

Back to top