Adcorp – “no holy cows” approach is working

Adcorp has shed 90% of its market value in the past 5 years. The recruitment and training company suffered an ailment that has plagued many industry consolidators: an incoherent strategy combined with an unsustainable balance sheet. There was a time on the JSE when people believed that if you buy five companies on a P/E (Price / Earnings ratio) of …

View Post

Adcorp – “no holy cows” approach is working

Adcorp has shed 90% of its market value in the past 5 years. The recruitment and training company suffered an ailment that has plagued many industry consolidators: an incoherent strategy combined with an unsustainable balance sheet. There was a time on the JSE when people believed that if you buy five companies on a P/E (Price / Earnings ratio) of …

View Post